New ACA Affordability Requirements for 2024
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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