IRS Distributes Revenue Procedure 2019-29

by Misty Baker
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The “affordability” of the lowest cost, self-only health plan will be satisfied if the employee’s contribution does not exceed 9.78% of an employee’s household income. 

This is a decrease from last year’s percentage of 9.86%. 

Please note that the safe harbors of W-2, rate of pay, and federal poverty level are still available. 

The employer mandate applies to applicable large employers (ALE) regardless of a state’s definition of large or small group. Fifty or more full time and full-time equivalents constitute an ALE. A penalty may apply if minimum value affordable coverage is not offered to at least 95% of full-time employees and dependent children

For more details about the Revenue Procedure, please click here.


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