The def­i­n­i­tion has been 9.5%. The new def­i­n­i­tion is 9.56%. What does it mean?

For pur­pos­es of “pay or play” it means that the con­tri­bu­tion made by an employ­ee for the “employ­ee only” share of the pre­mi­um can­not exceed 9.56% of their annu­al wages.

For pur­pos­es of qual­i­fy­ing for a sub­sidy on the state exchange (Cov­ered Cal­i­for­nia), an employ­ee must have paid more than 9.56% of their annu­al wages for their share of the “employ­ee only” share of the premium