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What Is The 2024 Aca Affordability Percentage. The irs once again decreased the affordability baseline from 9.12% in 2023 to 8.39% in 2024. Now, affordability for plan years commencing in 2024 will be based on 8.39% of their chosen safe harbor.
The irs once again decreased the affordability baseline from 9.12% in 2023 to 8.39% in 2024. Last year, the irs announced a big change to the patient protection and affordable care act (aca) affordability percentage for 2024.
Effective For Plan Years Beginning On Or After January 1, 2024, The Percentage To Be Used In Affordability Calculations Is 8.39%.
Effective for plan years beginning on or after january 1, 2024, the percentage to be used in affordability calculations is 8.39%.
Employer Sponsored Health Coverage For A 2024 Calendar Plan Year Will Be Considered Affordable If The Employee.
In 2024, the aca’s affordability percentage will decrease significantly to 8.39% (down from 9.12% in 2023).
Last Year, The Irs Announced A Big Change To The Patient Protection And Affordable Care Act (Aca) Affordability Percentage For 2024.
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For 2024, The Affordability Percentage Significantly Decreases To 8.39%.
Last year, the irs announced a big change to the patient protection and affordable care act (aca) affordability percentage for 2024.
However, In Accordance With The Newly Announced Affordability Percentage For 2024 (8.39%), An Employee Would Need To Make At Least $28,605.48 Per Year ($2,400/8.39%).
Employer sponsored health coverage for a 2024 calendar plan year will be considered affordable if the employee.
