• 1% of your yearly income above the filing threshold. The 1% share responsibility payment cannot exceed the national average expense of a bronze level plan which the Congressional Budget Office estimates is between $4,500 – $5,000 per individual. (See filing thresholds in financial examples...
The IRS recently announced the ACA affordability threshold for 2021 at 9.83%, a small increase from the 2020 level of 9.78%. In order to avoid triggering a penalty under Section 4980H(b) of the Internal Revenue Code (the “Code”), an applicable large employer must offer full-time ...
Navigating the subsidy cliff is crucial for those close to the income threshold that determines eligibility for health insurance subsidies under the Affordable Care Act (ACA). Falling just over this income limit can result in losing substantial financial assistance, dramatically increasing your health in...