Affordability Percentages Will Decrease for 2022
For plan years beginning in 2022, the ACA’s affordability contribution percentages are decreased significantly to:
• 9.61% under the pay or play rules
• 9.61% under the premium tax credit eligibility rules
• 8.09% under an exemption from the individual mandate
Click here to learn more and download the latest ACA Compliance Bulletin.
Affordability Percentages Will Increase for 2021
Highlights
For plan years beginning in 2021, the ACA’s affordability contribution percentages are increased slightly to:
• 9.83% under the pay or play rules
• 9.83% under the premium tax credit eligibility rules
• 8.27% under an exemption from the individual mandate
Click here to read and download the latest ACA Compliance Bulletin.
Pay or Play Penalty Increase
On Sept. 11, 2019, the IRS updated their Questions and Answers (Q&As) on the employer shared responsibility rules under the Affordable Care Act (ACA), to include adjusted penalty amounts for 2019 and 2020. According to the FAQs, the penalty amounts will be increased as follows.
Client and Employee Resources
The more your employees understand your benefit plans the more they become educated, empowered consumers. The programs you provide will also gain an enhanced value.
As your strategic partners in employee benefits, we can provide multiple avenues of ongoing support, including:
- Employee Meetings (English and Spanish)
- Webcasts
- Payroll Stuffers
- Poster Campaigns
- Newsletters
Carrier Directories
E-Verify is a web-based system that allows enrolled employers to confirm the eligibility of their employees to work in the United States. Click the image below to begin.
