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.
Health Insurance
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.
CHOICE Act Could Change Small Business Health Benefits
New federal legislation would codify health reimbursement accounts and exempt small businesses from certain restrictions, but Long Island employers should understand the tradeoffs before abandoning group coverage.
ACA Premium Spike Puts Group Plans Back in Spotlight
Individual ACA premiums jumped 26% for 2026, making employer-sponsored group coverage more attractive than ever for recruiting and retaining talent on Long Island.
ICHRA Sounds Simple, But Long Island Employers Should Think Twice
Individual Coverage HRAs promise flexibility and cost savings, but many small businesses discover hidden pitfalls after switching. Employees lose group negotiating power and professional guidance when selecting plans.
HSA Options Expand for Bronze and Catastrophic Plans
Starting in 2026, all Bronze and Catastrophic ACA marketplace plans can pair with Health Savings Accounts, giving Long Island employers new cost-effective options for high-deductible health plans with tax advantages.
New Hospital Price Rules Create Cost Savings for Long Island
Starting January 2026, hospitals must disclose actual negotiated rates, not estimates. Long Island employers can use this data to cut medical plan costs and negotiate better rates with local providers.