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.

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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