Several key reforms under the Affordable Care Act measure the affordability of employer-sponsored health coverage, including the employer and individual mandates and the premium tax credit rules. In July 2014, the IRS increased the affordability percentages for plan years beginning in 2015. On Nov. 21, 2014, the IRS issued Revenue Procedure 2014-62 to further increase the affordability percentages, effective for 2016 plan years. The attached Health Care Reform Bulletin summarizes the increases for 2016.
Please contact your Stellar representative with any further questions regarding this notice.