ACA Affordability Threshold Lowered for 2020, IRS Announces

The annual limit on the percentage of income that employees can be required to pay for health plan premiums will fall slightly next year, the IRS announced. Employer-sponsored health coverage will satisfy the Affordable Care Act’s affordability requirement in 2020 if the lowest-cost, self-only coverage option available to employees does not exceed 9.78 percent of an employee’s household income, down from 9.86 percent in 2019.
Source: New feed 2