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Full-time headcount
$
Per employee, employer share
State of incorporation
No email requiredSOC 2 Type IIACA compliant since 2015400+ mid-market clients
50–500employees
Our target market·
$1,840per employee / year
Average mid-market overpay·
11%avg. increase
2025 renewal spike·
14coverage gaps
Found in typical group plans·
48 hrsto first proposal
From initial contact·
50–500employees
Our target market·
$1,840per employee / year
Average mid-market overpay·
11%avg. increase
2025 renewal spike·
14coverage gaps
Found in typical group plans·
48 hrsto first proposal
From initial contact·
Coverage Audit

Your current plan,
audited in one table.

Off-the-shelf group plans leave 14 measurable gaps for companies between 50–500 employees. Here's where your spend is going — and where it isn't.

Fully covered
Partial / limited
Coverage gap
Coverage Feature
YOUR LIKELYTypical Group Plan
UNDERWRITECorefrom $480/mo/ee
UNDERWRITE · RECOMMENDEDStructuredfrom $540/mo/ee
UNDERWRITEEnterpriseCustom pricing
Network
In-network provider breadth
Out-of-network coverage
Specialist referral-free access
Mental health parity compliance
Cost Control
Level-funded structure available
Stop-loss reinsurance
Pharmacy benefit optimization
Annual renewal rate cap
Compliance
ACA employer mandate tracking
COBRA administration
Section 125 cafeteria plan
State mandate monitoring
Administration
Dedicated benefits concierge
HRIS integration
Open enrollment support
Claims dispute resolution
Click any row with ⓘ for context
Avg. 6 gaps found
Learn moreStart hereContact us

The Structured tier closes every gap identified above and costs less than the industry average for companies 50–300 employees.

Download the 2025 Benefits Audit Kit
Regulatory Checklist

Eight obligations.
Most companies miss three.

Every item below carries a specific penalty structure. Expand any item for a plain-English explanation of what it requires and what it costs to miss.

Your compliance review0 / 8 confirmed
Employer Shared Responsibility (Pay or Play)Required

Applicable Large Employers with 50+ FTEs must offer minimum essential coverage to 95% of full-time employees or face penalties.

As of January 1, 2026, the penalty for failing to offer qualifying coverage is $2,900 per full-time employee (minus the first 30). For companies that just crossed 50 employees, this is the first mandatory trigger — and most discover it at renewal, not onboarding.

Penalty:$2,900/employee/year
Deadline:Annual filing by March 31
1094-C / 1095-C ReportingRequired

ALEs must file Forms 1094-C and 1095-C with the IRS and distribute 1095-C to each full-time employee annually.

Failure to file or furnish accurate forms carries a penalty of $310 per return (2025 rate), up to $3.78M annually. Underwrite handles all 1094-C / 1095-C preparation, filing, and employee distribution as part of every plan tier.

Penalty:$310 per return, up to $3.78M
Deadline:Employee copies: March 3 · IRS filing: March 31
COBRA Continuation Coverage AdministrationCritical Risk

Employers with 20+ employees must offer continuation coverage to qualified beneficiaries upon qualifying events, with strict notice timelines.

The general notice must be provided within 90 days of plan enrollment. Election notices must go out within 14 days of the plan administrator learning of a qualifying event. Missing a notice deadline exposes the employer to $110/day in excise tax per qualified beneficiary — a single missed termination can cost more than the premium saved.

Penalty:$110/day per qualified beneficiary
Deadline:Notice within 14 days of qualifying event
HIPAA Business Associate AgreementsRequired

Employers sponsoring self-funded or level-funded plans must have executed BAAs with all vendors handling protected health information.

Under a fully-insured plan, the insurer assumes HIPAA responsibility. Under a level-funded structure (which Underwrite recommends for cost savings), the employer becomes a covered entity and must maintain BAAs with the TPA, PBM, and any wellness vendor. Underwrite provides pre-executed BAA templates and annual compliance audits as standard.

Penalty:Up to $1.9M per violation category/year
Mental Health Parity & Addiction EquityCritical Risk

Group health plans cannot impose more restrictive financial requirements or treatment limitations on mental health benefits than on medical/surgical benefits.

The Consolidated Appropriations Act of 2021 added a Non-Quantitative Treatment Limitation comparative analysis requirement. Plans must document and make available to regulators proof that their NQTL analysis demonstrates parity. Underwrite's Structured and Enterprise tiers include annual MHPAEA compliance documentation as standard.

Penalty:DOL audit, plan disqualification
Deadline:Annual NQTL analysis required
State-Specific Benefit MandatesState-Specific

Thirty-eight states have benefit mandates that exceed ACA minimums — from infertility coverage in Illinois to autism therapy in California.

Fully-insured plans are automatically subject to state mandates. Self-funded plans are generally exempt (ERISA preemption) but states are increasingly aggressive. Underwrite monitors 50-state mandate calendars and alerts clients to changes that affect their plan design within 30 days of any legislative change.

Deadline:Varies by state — monitored continuously
PCORI Fee (Self-Funded / Level-Funded Plans)Required

Employers sponsoring applicable self-insured health plans must pay the Patient-Centered Outcomes Research Institute fee annually.

The 2025 PCORI fee is $3.22 per covered life. It's reported and paid via IRS Form 720 by July 31 each year. While the per-head amount is small, the filing obligation catches many newly level-funded employers off-guard. Underwrite calculates, prepares, and reminds clients of this obligation as part of plan administration.

Penalty:IRS late payment penalties
Deadline:July 31 annually via Form 720
W-2 Employer-Sponsored Coverage ReportingRequired

Employers filing 250+ W-2s must report the aggregate cost of employer-sponsored health coverage in Box 12, Code DD.

This is an informational reporting requirement — the reported amount is not taxable to the employee. However, errors in the reported value trigger IRS correspondence. Underwrite provides employers with the precise per-employee cost figure needed for Box 12 reporting, formatted for direct payroll system input.

Deadline:W-2 distribution by January 31

The 2025 Benefits Audit Kit includes a compliance calendar, penalty calculator, and state mandate tracker — pre-formatted for CFO presentation.

Download the 2025 Benefits Audit Kit
Resource Download

The 2025 Benefits Audit Kit.
Everything your CFO needs to sign.

Seven sections. Board-ready formatting. Used by 400+ HR teams to present benefits renewal recommendations with confidence.

Underwrite · Confidential

2025 Benefits Audit Kit

Mid-Market Health Coverage Review

UW-2025-BAK
Feb 2025
Table of Contents
01
Executive Summary
Current plan cost analysis · Benchmark comparison · Priority gaps
02
Coverage Gap Analysis
Network adequacy · Out-of-pocket exposure · Rx formulary review
03
Compliance Checklist
ACA §4980H · COBRA · MHPAEA · State mandates · PCORI
04
Cost Modeling Scenarios
Level-funded vs fully-insured · 3-year projection · Break-even analysis
05
Carrier Evaluation Matrix
Network score · Claims turnaround · Member satisfaction · Price
06
Implementation Roadmap
Open enrollment timeline · Employee communication templates · HRIS setup
07
CFO Presentation Deck
Board-ready slides · ROI summary · Risk mitigation narrative
7 sections · PDF + Excel
📊Cost modeling for 3 scenarios
Complete compliance calendar
📋Carrier evaluation matrix
📈CFO-ready presentation slides

Download the 2025 Benefits Audit Kit

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