Do you know the ACA, or Affordable Care Act, shared responsibility affordability percentage for 2023?
On August 1st, 2022, the IRS issued revenue procedure 2022-34, which included an adjusted affordability percentage for 2023. The percentage was reduced to 9.12% for 2023, a substantial decrease from the 9.61% in 2022. This episode of Comply on the Fly covers how this change will affect offers of coverage for plan years beginning on or after January 1st, 2023.