ACA

New ACA Affordability Requirements for 2024

Team Orca
Sep 2, 2023
•
Blog

The IRS recently announced new Affordable Care Act (ACA) Affordability thresholds for 2024. These thresholds are used to determine how much employers must pay for their employees’ health insurance.

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For 2024, an employee’s health insurance cannot exceed 8.39% of their household income.

This represents the lowest ACA Affordability threshold since the requirement was first implemented back in 2015:  

·      2015 Percentage: 9.56%

·      2016 Percentage: 9.66%

·      2017 Percentage: 9.69%

·      2018 Percentage: 9.56%

·      2019 Percentage: 9.86%

·      2020 Percentage: 9.78%

·      2021 Percentage: 9.83%

·      2022 Percentage: 9.61%

·      2023 Percentage: 9.12%

·      2024 Percentage: 8.39%

Curious how this new requirement impacts you? Get in touch with the Venteur team for a complimentary compliance review.

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