Aca Affordability Percentage 2024. Effective for plan years beginning on or after january 1, 2024, the percentage to be used in affordability calculations is 8.39%. 2024 aca affordability percentage drops to 8.39%:
The internal revenue service (irs) recently announced that the affordability percentage used to determine whether. Irs lowers aca affordability percentage for 2024.
However, It’s Vital To Note That Starting On January 1, 2024, Employers Will Be Subject To The New Aca Affordability Percentage Threshold Of 8.39%.
As a result of the irs’ updates released last week in rev.
Review The 2024 Aca Affordability Percentage To Determine Liability For Employer Shared Responsibility Payments.
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.
Effective for plan years beginning on or after january 1, 2024, the percentage to be used in affordability calculations is 8.39%.
As A Result Of The Irs’ Updates Released Last Week In Rev.
The internal revenue service (irs) announced an updated new aca affordability threshold of 8.39% of an employee’s household income for 2024 for applicable large employers.