ACA
2022 ACA AFFORDABILITY PERCENTAGE DECREASES TO 9.61%; DOWN FROM 9.83% IN 2021
Last week the IRS released the ACA affordability percentage threshold for medical plan years beginning in 2022 (IRS Revenue Procedure 2021-36); resulting in a decrease to 9.61% for 2022, down from the 2021 threshold percentage of 9.83%. This decrease in the 2022...
FORMS 1094-C AND 1095-C: SMALL ALEs SHOULD PREPARE FOR MANDATORY ELECTRONIC FILING AS EARLY AS MARCH 31, 2022
If you are an applicable large employer (ALE) under the ACA and have historically filed annual Forms 1095-C (along with the Form 1094-C Transmittal form) with the IRS in paper format, then your world could change very soon. If recently proposed IRS regulations are...
2020 ACA Affordability Contribution Percentage Released
Under the ACA, coverage offered to FT employees must be affordable by ACA standards or a penalty applies with respect to any employee in a public Exchange with a tax credit (the 4980H(b) penalty). The ACA permits employers to determine affordability based on certain...