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e-Alert: ACA Affordability Threshold Decreases for 2022

By February 4, 2022No Comments

The Affordable Care Act (ACA) benchmark for determining the affordability of employer sponsored health coverage will be decreasing to 9.61% of an employee’s household income for the 2022 plan year. This is a small decrease from the 2021 level of 9.83%.

Under the ACA’s employer mandate, applicable large employers (ALEs) – generally those who had 50 or more full-time employees, including full-time equivalents, in the prior calendar year — may be subject to a penalty if they don’t offer affordable coverage that provides minimum value (MV) to full-time employees and their dependents.

To read the full update, please click here. If you have any questions, please contact your Client Account Manager, or email your group email with questions.

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