Employer Compliance

Unraveling Healthcare Costs: FAQs on ACA and No Surprises Act – Part 60

To provide clarity in the complex realm of healthcare legislation, the U.S. Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury issued a set of FAQs known as Part 60. These FAQs aim to explain the implementation of key provisions within the Affordable Care Act (ACA) and the No Surprises Act, addressing …

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ACA Affordability Percentage Decreases from 9.12% to 8.39% for 2024

The IRS has recently issued Revenue Procedure 2023-29, announcing a significant change in the Affordable Care Act (ACA) benchmark for evaluating the affordability of employer-sponsored health coverage. This alteration lowers the threshold to 8.39 percent of an employee’s household income for the 2024 plan year. This represents a substantial reduction of almost three-quarters of a …

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