2024 Federal Poverty Level Announced: Impact on ACA Affordability
Recently, the 2024 federal poverty level (FPL) was announced as $15,060 (up from $14,580 in 2023). Importantly, the annual FPL will impact Affordable Care ...
Federal Poverty Level
ACA Affordability for Non-Calendar Year Plans
Annually, the IRS releases the Affordable Care Act (ACA) affordability percentage, which impacts contributions required for medical coverage to avoid ...
HHS Releases 2021 Federal Poverty Levels, which Employers may use to Determine ACA Affordability
The Department of Health and Human Services (HHS) recently released the 2021 federal poverty levels (FPL) for 2021, which is $12,880 for mainland ...
[Updated] IRS Releases the 2020 ACA Rates for “Affordable” Employer-Sponsored Coverage
The Internal Revenue Service (IRS) released Rev. Proc. 2019-29, which sets the 2020 rates used to determine whether employer-sponsored coverage is...