August 2014 Health Care Reform

August 2014 Health Care Reform

by Clarke & Company Benefits Posted on: August 12, 2014Categories: HR & Compliance   

IRS Increases Affordability Percentage Under Employer Mandate for 2015-Quick Facts

• Applicable large employers (ALEs) that do not offer affordable health coverage to their full-time employees may be subject to penalties, beginning in 2015.
• New IRS guidance increases the affordability percentage from 9.5 percent to 9.56 percent for 2015.
• ALEs should review whether their health plans comply with the increased percentage.

 

Click here to read the full legislative brief!