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

2022 Affordability Threshold Set

2021-09-13T17:49:15+00:00

The Internal Revenue Service (IRS) recently issued Revenue Procedure 2021-36 which indexes the contribution percentages for 2022 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning on or after January 1, 2022, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does [...]

2022 Affordability Threshold Set2021-09-13T17:49:15+00:00

ACA Survives Another Challenge as the Supreme Court Dismisses Case

2021-08-05T18:10:53+00:00

On June 17, 2021, the Supreme Court turned back a long-standing challenge to the Affordable Care Act (ACA) by dismissing the challenge that was brought by 18 states (California v. Texas). The court ruled that the states that brought the suit over the ACA did not have the standing to do so. Background: On December [...]

ACA Survives Another Challenge as the Supreme Court Dismisses Case2021-08-05T18:10:53+00:00
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