Federal Health Insurance Deadline March 31 for Employers
Long Island employers with 50+ employees must file Form 1095-C by March 31. Missing this deadline triggers $310 penalties per employee - potentially $15,500 for a 50-person business.
Thomas Hart
Health Insurance Costs Jump 13% for Long Island Businesses
New York small-group health plans rose 13% on average for 2026, with some Long Island businesses seeing increases up to 50%. With enhanced federal subsidies expired, small employers face tough budget decisions.
Federal Enforcement Targets Benefits Cybersecurity
The Department of Labor shifted its 2026 enforcement priorities to target cybersecurity vulnerabilities, mental health access barriers, and surprise billing in employer benefits plans.
Health Insurance Penalties Jump to $3,340 Per Employee
The IRS hiked ACA employer mandate penalties 25% for 2026. Companies with 50+ employees now face $3,340 per worker if they don't provide coverage. One mistake could cost $500,000+.
DOL Extends Cybersecurity Mandate to Health Benefit Plans in 2026
Department of Labor requires comprehensive cybersecurity protocols for health benefit plans, with potential penalties for inadequate data protection measures affecting employee sensitive information.
NY Paid Family Leave Benefits Jump to $1,228 Weekly
New York's maximum Paid Family Leave benefit increased to $1,228.53 per week in January—but many Long Island employers still struggle with PFL compliance basics. Plus: minimum wage hits $17/hour and overtime thresholds climb.
New HSA Rules Create Hidden Tax Traps for Long Island SMBs
Recent IRS changes expand HSA eligibility but create compliance headaches. Bronze ACA plans now qualify, and HSA funds can pay direct primary care fees - but new rules mean new ways to get penalized if you're not careful.