So this pops up:
ACA Affordability Threshold for 2021 Announced https://t.co/UEO6O9t0EM
— Healthcare Reform (@Health_Reforms) August 11, 2020
The article to which that refers explains:
"In order to avoid triggering a penalty ... an applicable large employer must offer full-time employees health plan coverage that provides minimum value and is affordable."
Of course, the gummint's definition of "large employer" is somewhat .... perplexing:
"... if you employ more than 49 people, you've either got to offer (and help pay for) a group plan or pay a
In this case, the income test - "affordable" - for next year is just shy of 10% of one's income. And keep in mind, that's just counting the premiums, not the thousands (or, commonly, tens of thousands of dollars in potential out-of-pocket costs).
Pretty bizarre definition of "affordable," no?
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