BAS Blog

Increased Affordability Limit

Written by BAS | May 12, 2016 1:26:00 PM

In Notice 2016-24, the IRS announced the updated required contribution percentage used to determine whether an individual is eligible for affordable employer sponsored minimum essential coverage under the Affordable Care Act.

For plan years beginning in 2017, an employer’s health plan will be considered affordable under health care reform if the employee’s required contribution to the plan does not exceed 9.69% of the employee’s household income for the year.