ALE
Abbreviation with 2 meanings
| Stands for | Additional living expenses |
|---|---|
| Meanings | 2 |
| Categories | Business & Finance |
ALE has two meanings. It stands for Additional living expenses (insurance) or Applicable large employer (human resources).
Meanings of ALE at a glance
| # | ALE stands for | Context |
|---|---|---|
| 1 | Additional living expenses | Business & Finance › Insurance |
| 2 | Applicable large employer | Business & Finance › Human Resources |
1. Additional living expenses
Business & Finance · Insurance Abbreviations
Homeowners and renters coverage, often labeled Coverage D or loss of use, that pays increased costs such as hotel bills, restaurant meals and temporary rent when a covered loss makes the home uninhabitable.
Example: ALE paid for our rental apartment for six months while the house was rebuilt after the fire.
Coverage pays only expenses above normal costs and is often capped as a percentage of the dwelling limit or a time period. In US health law, ALE means applicable large employer.
2. Applicable large employer
Business & Finance · Human Resources Abbreviations
Under the Affordable Care Act, an employer with an average of 50 or more full-time employees, including full-time equivalents, in the prior year. ALEs must offer affordable, minimum-value health coverage to full-time staff or risk penalties.
Example: Crossing 50 FTEs made us an ALE, so we now file Forms 1095-C.
ALEs report coverage offers to the IRS and employees on Forms 1094-C and 1095-C each year.
Related abbreviations
More insurance abbreviations
- ACORD – Association for Cooperative Operations Research and Development
- ACV – Actual cash value
- AD&D – Accidental death and dismemberment insurance
- AI – Additional insured
- AOP – All other perils
- BI – Bodily injury liability
- BOP – Business owner's policy
- CAR – Contractors' all risks insurance
See all 86 insurance abbreviations →