IRS Publishes 4980H(b) Affordability Percentage for 2021
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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.


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