Piggy.png

    IRS to increase affordability rate for 2019

    Authored by Bukaty Companies on June 18, 2018

    The IRS recently raised the affordability threshold for the 2019 calendar year to 9.86% of household income from the 2018 threshold of 9.56%. This percentage is also used to determine the affordability of employer-sponsored coverage. Failure to provide a full-time employee with affordable coverage can result in an employer shared responsibility penalty.

    Year Affordability % Maximum Monthly Contribution* Prior Year Federal Poverty Level (FPL)
     2019 9.86%   $99.75  $12,140
     2018 9.56%  $96.08  $12,060
     2017 9.69%  $95.93  $11,880

    *Based on Federal Poverty Level (FPL) affordability safe harbor.

    For more information, contact your Bukaty benefit consultant at 913.345.0440.

    As always, we appreciate your business.

    Blog Category: Health Care Reform