IRS Announces 2024 Affordability Threshold

2023-08-28T17:34:28+00:00

On August 23, 2023, the Internal Revenue Service (IRS) issued revenue ruling 2023-29 which indexes the contribution percentages for 2024 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2024, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does [...]

IRS Announces 2024 Affordability Threshold2023-08-28T17:34:28+00:00

IRS Sets 2023 Affordability Threshold

2022-08-08T15:55:27+00:00

On July 25, 2022, the Internal Revenue Service (IRS) issued Revenue Procedure 2022-34 which indexes the contribution percentages for 2023 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2023, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does not [...]

IRS Sets 2023 Affordability Threshold2022-08-08T15:55:27+00:00
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