2024 Health Plan Affordability Threshold Announced

08/31/2023 12:54 PM | Maggie Garry (Administrator)

The IRS announced that the 2024 affordability factor for group health plans will decrease to 8.39 percent which is down from 9.12 percent.  This is the lowest the affordability factor has been since the ACA was implemented.  

Read the IRS bulletin at: 26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (irs.gov)

Sioux Empire SHRM is a 501(c)6 non-profit organization. | PO Box 1302 | Sioux Falls, SD 57101 | Chapter #217

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