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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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