Pay or Play Affordability Percentage Will Decrease
Did you know that the Pay or Play Affordability Percentage Will Decrease for 2024? On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability...
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IRS: Affordable Care Act Affordability Percentages Will Decrease for 2022
Affordability Percentages Will Decrease for 2022 On Aug. 30, 2021, the IRS issued Revenue Procedure 2021-36 to index the contribution percentages in 2022 for determining affordability of an employer’s plan under the Affordable Care Act...
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Who Are ‘Full-Time Employees’ Under ‘Pay or Play’?
As a reminder, the employer shared responsibility provisions of the Affordable Care Act (also known as “pay or play”) require applicable large employers (“ALEs”)—generally those with at least 50 full-time employees, including full-time equivalent employees...
Read MoreDetermining ‘Full-Time Employees’ Under ‘Pay or Play’
Designation Determined by Hours Worked, Not Employer Classification The employer shared responsibility provisions of the Affordable Care Act (also known as “pay or play”) require applicable large employers (ALEs)—generally those with at least 50 full-time...
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