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​IRS Announces 2020 ACA Affordability Indexed Amount Issued

8/11/2019

7 Comments

 
Picture
The IRS recently announced in Revenue Procedure 2019- 29 that the Affordable Care Act (ACA) affordability indexed amount under the Employer Shared Responsibility Payment (ESRP) requirements will be 9.78% for plan years that begin in 2020. This is a decrease from the 2019 percentage amount (9.86%).

Background
Rev. Proc. 2019-29 establishes the indexed “required contribution percentage” used to determine whether an individual is eligible for “affordable” employer-sponsored health coverage under Section 36B (related to qualification for premium tax credits when buying ACA Marketplace coverage). However, the IRS explained in IRS Notice 2015-87 that a percentage change under Section 36B will correspond to a similar change for affordability under section 4980H ESRP requirements.

​Determining Affordability in 2020
An employer will not be subject to a penalty with respect to an ACA full-time employee (FTE) if that employee’s required contribution for 2020 for the employer’s lowest cost self-only coverage complies with one of the following safe harbors.

1. The W-2 safe harbor. The employee’s monthly contribution amount for the self-only premium of the employer’s lowest cost coverage that provides minimum value is affordable if it is equal to or lower than 9.78% of the employee’s W-2 wages (as reported on Box 1 of Form W-2). Application is determined after the end of the calendar year and on an employee-by-employee basis. Box 1 reflects compensation subject for federal income taxes, which would exclude amounts such as employee contributions to a 401(k) or 403(b) plan, and towards other benefits through a cafeteria plan.

2. Rate of pay safe harbor. The employee’s monthly contribution amount for the selfonly premium of the employer’s lowest cost coverage that provides minimum value is affordable if it is equal to or lower than 9.78% of the employee’s computed monthly wages. For hourly employees, monthly wages are equal to 130 hours multiplied by their rate of pay. For salaried employees, monthly wages are equal to their monthly salary. This document is designed to highlight various employee benefit matters of general interest to our readers. It is not intended to interpret laws or regulations, or to address specific client situations. You should not act or rely on any information contained herein without seeking the advice of an attorney or tax professional. ©2019 My Benefit Advisor. All Rights Reserved. CA Insurance License #0G33244

​3. Federal Poverty Level (FPL) safe harbor. Coverage is affordable if it does not exceed 9.78% of the FPL. For a 2020 calendar year plan, coverage is affordable under the FPL safe harbor if the employee monthly cost for self-only coverage in the lowest cost plan that provides minimum value is not more than $101.79 (48 contiguous states), $127.14 (Alaska), or $117.19 (Hawaii). Employer Action Employers budgeting and preparing for the 2020 plan year should review these affordability safe harbors when analyzing employee contribution amounts for the coming year.

Submitted by SCCCC Member:
Jim Pitts
My Benefit Advisor, LLC
610-537-1377
7 Comments
Curious Taxpayer link
6/13/2023 12:17:56 am

I'm interested in how the pandemic affected these changes for employers. Budgeting and preparing with assistance from an ACA Filer program would definitely be helpful, especially with more employees as the number of hires increased again.

Reply
Business Manager link
4/25/2024 09:27:10 pm

Totally agree. We import data easily from Tab Delimited or Comma Separated files with an Affordable Care Act Filer. The whole process is so streamlined that transmittal forms automatically print after the return.

Reply
Hailey Garcia
6/9/2024 07:11:24 pm

My name is Hailey Garcia and I am from New Jersey. My herpes virus turned to war after 2 years of living with it. I have tried different medical procedures to cure my herpes but to no avail. Most people think herpes is only a minor skin irritation of which herpes has long term effects on health and passes through the bloodstream and can be easily contracted through sexual intercourse. I knew I had herpes from the first day I started feeling itchy in my pubic area and the pain was very unbearable. I couldn't stand it anymore. After 2 years of trying other means to get rid of it, I had to contact Doctor Odunga to help me with a permanent cure. I saw his email and whats-app number from a testimony I read online from a lady who was also helped by him in curing infertility problems, I had faith and contacted him. He assured me of his work and I ordered his herbal medicine. Within 5 days, I didn't feel any pain anymore and within 2 weeks, my skin was all cleared and smooth. I am very grateful to you sir and I write this testimony as others have done to bring those having faith to you sir. If you have herpes or other similar disease and you want it cured, kindly contact Doctor Odunga, Whats-App (wa.me/+2348167159012) OR Email [email protected]


🛑 PERMANENT SOLUTION FOR TREATMENT, CURE & PREVENTION OF THE FOLLOWING :❗❗

🛑Kidney Failures
🛑 Osteoporosis
🛑 TB
🛑Sexual Dysfunction
🛑Period Pain
🛑 Dementia
🛑 Parkinson's
🛑Infertility
🛑ProstateEnlargement
🛑 Libido
🛑Fibroids/Cysts
🛑 Epilepsy
🛑Stroke
🛑Cancer
🛑 Burns
🛑HIV

Reply
william wirtz
8/1/2024 10:13:35 pm

I recommend you to get your herbal medicine through Herbal Miracle Medicine . He cured me from my herpes outbreak and now I am free . All thanks for your care and giving me my life back . If you are suffering from any illness you can get your medication from Doc Moses Buba on his .
email him on ( [email protected] )
Facebook page: https://www.facebook.com/profile.php?id=61559577240930
website:https://bubaherbalmiraclem.wixsite.com/website

Reply
william wirtz
8/1/2024 10:15:38 pm

I recommend you to get your herbal medicine through Herbal Miracle Medicine . He cured me from my herpes outbreak and now I am free . All thanks for your care and giving me my life back . If you are suffering from any illness you can get your medication from Doc Moses Buba on his .
email him on ( [email protected] )
Facebook page: https://www.facebook.com/profile.php?id=61559577240930
website:https://bubaherbalmiraclem.wixsite.com/website

Reply
Rachael Mildred
10/25/2024 07:38:11 pm

EFFECTIVE LOVE SPELL TO GET EX HUSBAND/BOYFRIEND OR EX WIFE/GIRLFRIEND AND CURE HERPES AND INFERTILITY THAT WORKS WITHIN 24 HOURS.

Contact Doctor Odunga at [email protected] OR Whats App/CALL +2348167159012

I got my ex husband back to me and also got fertile and gave birth to twin girls after 12 years of marriage.
When I came online last year, I saw a testimony about Doctor Odunga and how he has been helping people with marriage issues and I decided to contact him. We spoke on email at [email protected] and later he gave me his Whats-App number which is +2348167159012. He assured me he would help me get my ex husband back after 3 years of no contact. Doctor Odunga is the best spell caster I must say. My husband called me after 24 hours of contact. The third day, I received natural herbs for fertility and after using it, I became fertile and conceived. My husband and I reconnected, had sex and I was pregnant. Presently I am happy to say I am the mother of twin girls and this is ALL THANKS TO DOCTOR ODUNGA. I came online to say this: If you need help, I believe you are saved with this man.

Contact his email at [email protected]

OR Whats App/Call +2348167159012 and you too will give a testimony too to help others

Reply
Athony Isak
6/18/2025 06:17:59 pm

My heart is so filled with joy. If you are suffering from Erectile dysfunction or any other disease you can contact Dr. Moses BUBA on this [email protected] or His website : https://www.facebook.com/profile.php?id=61559577240930 . For more information from me reach me via WhatsApp : +44 7375 301397

Reply



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  • Home
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    • ABOUT
    • SCC Young Business Leaders
    • COMMITTEES >
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    • ABOUT
    • Diamond Circle Partner >
      • Constellation Energy
      • Comcast
      • Longwood Gardens
    • Platinum Circle Partner
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      • RKL LLP
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