New ACA COVERAGE AFFORDABILITY PERCENTAGE for 2024
- On September 7, 2023
The Affordable Care Act’s “affordability percentage” for group health insurance coverage just nose-dived for 2024, and the change will significantly impact both applicable large employers subject to the ACA’s employer shared responsibility requirement (AKA the employer mandate) and their health insurance brokers. Many thought the affordability rate couldn’t go any lower than 2023’s 9.12%. However, […]
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