Affordable Care Act: What Is Affordable Health Coverage?

All the talk is about AFFORDABLE health coverage but what is affordable health coverage?   If an employee’s share of coverage (for employee-only coverage) costs the employee more than 9.5% of the employee’s annual household income, then the coverage is NOT affordable. Since we do not know an employee’s annual household income, the IRS has three safe […]

Written by on February 3, 2016