What Is The Affordability Percentage For 2024. This is a significant decrease from. As shown in the table below, for plan years beginning in 2024, the affordability percentage for employer mandate purposes is indexed to 8.39%.
This new affordability percentage is 0.83%. The percentage that should be used for 2024 plan years is 8.39% (which is down from 9.12% in 2023).
This Is A Significant Decrease From.
Review the 2024 aca affordability percentage to determine liability for employer shared responsibility payments.
Effective For Plan Years Beginning On Or After January 1, 2024, The Percentage To Be Used In Affordability Calculations Is 8.39%.
The affordability percentage for 2024 is set at 8.39%.
What Is The Affordability Percentage For 2024 Images References :
As Shown In The Table Below, For Plan Years Beginning In 2024, The Affordability Percentage For Employer Mandate Purposes Is Indexed To 8.39%.
This new affordability percentage is 0.83%.
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.
The 2024 affordability percentage is 8.39%, a decrease from the 2023 percentage of 9.12%.
