IRS Publishes 4980H(b) Affordability Percentage for 2021
IRS trading on a PC monitor

A quick update for those employers who are preparing for the 2021 plan year and setting the employee contribution $ amount: The IRS published the 4980H(b) affordability percentage for 2021 at 9.83% (an increase from 9.78% in 2020). Remember, this contribution amount is effective for the first day of your 2021 plan year. Meaning, an employer with a 9.1 plan year would use this percentage effective 9.1.2021.

If you have any questions on how this applies to your insurance plan, 1094/1095C reporting requirements or any other ACA questions, please feel free to reach out to ETC Companies.

Get the Service you Deserve

Allow the ETC Companies to discuss your needs and build a customized Action plan. Call us now at (210) 323-7846, or click the button to make an appointment.