Affordability Percentage Will Decrease for 2024
- Hatcher Agency Marketing
- Oct 16, 2023
- 1 min read
The IRS announced that the 2024 health plan affordability percentage threshold—which is used to determine if an employer’s lowest-premium health plan meets the Affordable Care Act’s (ACA’s) affordability requirement—will be 8.39 percent of an employee’s household income. That’s down from this year’s 9.12 percent figure.
Reading this post reminded me how tricky policy shifts can be for clinics trying to stay compliant. The discussion on affordability changes really connects with the daily challenges in healthcare. That’s exactly where healthcare credentialing becomes vital, it ensures providers meet every standard while adapting to new rules. A thoughtful take on an important topic!
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