
October 09, 2023
ACA Affordability Percentage to Hit Lowest Historical Mark in 2024
On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 which indexes the contribution percentage to be used for determination of the affordability of an employer’s medical coverage under the Affordable Care Act (ACA) in 2024. This contribution percentage determines which applicable large employers may face penalties under §4980H(b) for failure to offer affordable coverage […]
