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Sep 11 2024

IRS Announces ACA Affordability Rates for 2025

The Internal Revenue Service (IRS) released Rev Proc. 2024-35 on September 6, 2024, announcing the Affordable Care Act (ACA) affordability percentage threshold for plan years beginning January 1, 2025. This percentage is adjusted annually for inflation and will be set at 9.02% for plan years beginning January 1, 2025. This change is an increase from the 2024 standard of 8.39%, and a change from 2023 and 2024, both years with decreases to the affordability standard.

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Written by Alexandria Gonzalez · Categorized: Employee Benefits

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