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Fiduciary Responsibilities for Employer Health Plans: What Employers Should Know Now

Fiduciary Responsibilities for Employer Health Plans: What Employers Should Know Now

When employers think about fiduciary responsibility, retirement plans often come to mind first. But recent developments make it clear that fiduciary duties also matter—sometimes significantly—when it comes to employer-sponsored health and welfare plans. Federal law requires employers that sponsor ERISA-covered benefit plans to act in the best interests of plan participants and beneficiaries. While many […]
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Rising Healthcare Costs: What Higher Premiums Mean for Employers

How Rising Health Costs Impact Employer Premiums

Why Premiums Are SoaringEmployers are seeing group health plan costs climb faster than almost any other business expense. Prescription drug prices have skyrocketed, particularly for biologics and specialty drugs that can cost tens of thousands of dollars per patient each year. Hospitals and outpatient treatments are charging more as they face staffing shortages and higher […]
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Marketplace Coverage and Employer Plans: What Employers Need to Know

Marketplace Coverage and Employer Plans: What Employers Need to Know

As Marketplace health plan premiums rise and subsidies shift, employers are seeing more requests from employees (and their spouses) to drop Marketplace coverage and enroll in an employer-sponsored health plan mid-year. While this may feel straightforward, Marketplace rules and employer plan rules do not always work the same way. Marketplace Rules vs. Employer Plan Rules […]
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2026 Employer Mandate Update | INSURICA

2026 Employer Mandate Update | INSURICA

In July 2025, the IRS released new guidance increasing both the affordability percentage and penalty amounts under the Affordable Care Act’s employer mandate for the 2026 plan year. These changes will affect how Applicable Large Employers (ALEs) determine affordability and assess compliance risk moving into the next benefits cycle. For plan years beginning in 2026, […]
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Employer Life Insurance vs. Personal Coverage

Employer Life Insurance vs. Personal Coverage

When it comes to life insurance, many Canadians feel covered simply because they have a policy through work. And while group life insurance is a valuable workplace benefit, it’s often misunderstood and, in many cases, not enough on its own.   If you’re relying solely on your employer’s plan, it’s worth taking a closer look […]
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Employer Health Costs Set to Spike Upward in 2025

Employer Health Costs Set to Spike Upward in 2025

Employers should prepare for a major increase in healthcare costs in 2025, with new projections showing rises of 8-9 percent or more over this year’s spending. This dramatic uptick comes as a result of several key factors putting pressure on health plans, including widespread inflation, demand for expensive specialty medications, and a growth in catastrophic […]
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