The 2024 threshold is a significant decrease from 2023, and it is the lowest affordability threshold since the aca was implemented. Select the coverage year, enter the employee’s pay type, and your employee’s monthly contribution to the health.
Employee Benefits Eb Consulting Legislation.
Employer sponsored health coverage for a 2024 calendar plan year will be considered affordable if the employee.
Historically, Employers Have Had Discretion In Deciding Whether To Offer Group Health Plan Coverage To Their Employees.
This Is A Significant Decline From 2023’S 9.12% And An.
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Currently, As Of Plan Year 2023, The Threshold For Coverage That Qualifies As Affordable Is Set At Coverage That Requires A Maximum Employee Contribution Equivalent To No.
In late august the irs announced changes to the 2024 health plan affordability threshold.
Employee Benefits Eb Consulting Legislation.
These thresholds are used to determine how much employers must pay for their.
The Irs Has Released A Revenue Procedure, Which Significantly Decreases The Affordability Threshold For Aca (“Affordable Care Act”) Employer Mandate Purposes (“Pay Or Play”).