IRS Releases 2024 Adjustments and Benefit Limits for ACA Affordability and More

On November 10, 2023

With 2024 approaching fast, the IRS has begun to release some of next year’s indexing adjustment and benefit limits for health and welfare plans. One of the most-watched IRS adjustments each year is the required contribution percentage used to determine whether employer-sponsored health coverage is considered affordable under the Affordable Care Act (ACA). The IRS […]

IRS LOWERS ELECTRONIC FILING THRESHOLD FOR 2023 ACA REPORTING

On October 16, 2023

The Internal Revenue Service IRS issued updated instructions for preparing and submitting ACA health insurance coverage and employer reporting Forms 1094 and 1095 B and 1094 and 1095 C. In previous years, entities filing 250 or more 1095 forms were required to file electronically. Now, entities filing 10 or more of these forms will need to send them into the […]

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