S1-Ep 43: ACA 2023 Affordability Percentage Adjustment

Compliance, Employee Benefits

The information below is not the most current information on ACA affordability released by M3. Access the most current information:

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.

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