2019 “Affordability” Percentage
June 28, 2018
In Revenue Procedure 2018-34, the IRS increased the affordability percentage from 9.56% to 9.86% for 2019. This percentage determines which applicable large employers may face penalties under §4980H(b) for failure to offer affordable coverage, and which individuals may qualify for subsidized coverage through a public Exchange.
Read the full alert here.