Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Employers Warn of Health Coverage Risk Posed by 'Affordability' Change Included in Build Back Better Act
Bloomberg Law Nov. 24, 2021 "The [Build Back Better Act (HR 5376)] ... includes a provision that would lower the share of premiums employees have to pay for coverage deemed affordable and adequate under the [ACA] to 8.5% of household income for 2022-25.... [T]he affordability threshold for 2022, as set by the [IRS], is 9.61% of income -- down from 9.83% in 2021 -- for a policy that covers only the employee.... CBO estimates the bill's changes would result in a decrease of 2.8 million in employer-based coverage enrollment from 2022-31." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |