ACA Affordability Safe Harbors
The Affordable Care Act (“ACA”) provides that the health insurance coverage offered to an employee must be “affordable” as defined in the regulations. But what exactly is affordable under the ACA? If the employee’s share of the premium for employer-provided coverage (for self-only coverage) costs the employee more than 9.69%* of that employee’s annual household income, the coverage is not considered affordable. Since […]