IRS Announces 2019 ACA Affordability Indexed Amount

The Internal Revenue Service (IRS) recently announced in Revenue Procedure 2018-34 that the Affordable Care Act (ACA) affordability indexed amount under the Employer Shared Responsibility Payment (ESRP) requirements will be 9.86% for the 2019 plan year. The increase from the 2018 amount (9.56%) is the largest percentage increase to date for affordability under the ESRP requirements.

Employers budgeting and preparing for the 2019 plan year should review the affordability safe harbors when analyzing the cost for the coming year.

For Revenue Procedure 2018-34, please visit: https://www.irs.gov/pub/irs-drop/rp-18-34.pdf.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s