Aca Federal Poverty Level Safe Harbor 2024. Under the fpl safe harbor, the required employee contribution cannot exceed 8.39% of the fpl for an area, e.g., $101.94/month for the mainland u.s. In january of 2024, the federal poverty level (fpl) for the year was announced to be $15,060, which is an increase from the previous year’s $14,580.
For a calendar year plan that uses the 2023 federal poverty line, the safe harbor for 2024 will be $14,580 x 8.39% = $1,223.26 ($101.94 per month). With the issuance of rev.
An Employer Must Meet One Of Them To Show That The Coverage It Has Offered Employees Is Affordable.
The percentage that should be used for 2024 plan years is 8.39% (which is down from 9.12% in 2023).
Under The Fpl Safe Harbor, The Required Employee Contribution Cannot Exceed 8.39% Of The Fpl For An Area, E.g., $101.94/Month For The Mainland U.s.
2024 federal poverty levels (fpl) guidelines.
Employees Can't Be Required To Pay An Employee Contribution Of More Than $101.94 For Coverage To Be Considered Affordable.
Images References :
For Plan Years Beginning Between January 1, 2021 Through July 10, 2021, See The Example Below For Your Fpl Safe Harbor Calculation.
2024 federal poverty levels (fpl) guidelines.
When Calculating Affordability Using The Fpl Safe Harbor For Plan Years Beginning On Or After July 11, 2022, Use The 2022 Fpl And Affordability Threshold (I.e., 9.61% Of $13,590 Fpl For $108.83 Per Month).
Employee benefits eb consulting legislation.
The Federal Poverty Level Is $14,580 For An Individual ($30,000 For A Family Of 4) For 2024 Coverage.