S1-Ep 43: ACA 2023 Affordability Percentage Adjustment
Compliance, Employee Benefits
Karen BreitnauerDirector of Employee Benefits Compliance
Senior Compliance Attorney
Do you know the ACA, or Affordable Care Act, shared responsibility affordability percentage for 2023?
On August 1st, 2022, the IRS issued revenue procedure 2022-34, which included an adjusted affordability percentage for 2023. The new rate of 9.12% is a substantial decrease from the 9.61% in 2022. This episode of Comply on the Fly covers how this change affects offers of coverage for plan years beginning on or after January 1st, 2023.
Listen Time: 7 min 12 sec
Please Note: This podcast and the contents herein do not constitute legal advice. Seek the advice of counsel for any benefit compliance related implementation guidance or strategy.