Aca Affordability Rate 2024. Recently, the internal revenue service (irs) released rev. This percentage is adjusted annually for inflation and will be set at 8.39% for plan years beginning january 1, 2024.
Now in 2024, it’s important for businesses to understand how to calculate aca affordability for their employees. In 2024, the aca’s affordability percentage will decrease significantly to 8.39% (down from 9.12% in 2023).
In This Article, We Will Provide A Practical Approach To Mastering Aca Affordability Calculations For 2024.
The irs has announced that the aca affordability percentage used to determine compliance with the employer mandate will significantly decrease from 9.12% (2023) to 8.39% (2024) of the employee’s household income, as determined under one of the employer safe harbor.
The Irs Released Rev Proc.
For 2024, in order for employers to make an “affordable” offer of coverage under the aca, the employee required contribution to that coverage cannot be above 8.39% of that employee’s annual earnings.
Aca Affordability Rate 2024 Images References :
The Irs Released Rev Proc.
The internal revenue service (irs) recently announced that the affordability percentage used to determine whether coverage offered by employers is affordable for 2024 will be 8.39%.
The Health Insurance Marketplace Calculator, Updated With 2024 Premium Data, Provides Estimates Of Health Insurance Premiums And Subsidies For People Purchasing Insurance On Their Own In Health.
This percentage is adjusted annually for inflation and will be set at 8.39% for plan years beginning january 1, 2024.