The definition of “affordability” for a health plan is one where the amount an employee pays for just their portion of the coverage at a level not to exceed 9.5%. This was increased last year and is now increasing again to 9.66% So employers get a break…sort of…as medical rate increases are at least 6% for the year and in two years the IRS has increased the threshold by a whopping 0.16% Thanks….
New safe harbors – the law is barely in place and the ACA amounts have changed
February 17, 2016