Pres. Joe Biden announced on Wednesday another $9 billion in new student-loan relief through improvements to income-driven repayment (IDR) and Public Service Loan Forgiveness - a move that will affect 125,000 Americans.

Employers depend on their brokers to be trusted partners, to guide them through the ACA compliance process, and to assist them if they do face possible penalties. And the stakes have never been higher.

Of the $7,221 total cost for an individual, the employer contribution is $4,241, while the employee contribution is $1,847, plus $1,133 for out-of-pocket costs through co-pays and deductibles, according to a new report.