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2022 Affordability Percentage Will Be Lower; Your Company's Health Plan May No Longer Be Affordable
GraydonLink to more items from this source
[Guidance Overview]
Sept. 8, 2021

"[E]ven if you do not increase your premiums at all this year, what was affordable last year may be unaffordable this year due to a reduction in the affordability percentage.... For example, if using the rate of pay safe harbor, premiums for an employee making $15/hour were affordable in 2021 if they were less than $191.68. In 2022, for that same employee, the premium is affordable if less than $187.39."

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