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September HR Update

Higginbotham

23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentages in 2024 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). As a reminder, employers may use an affordability safe harbor to measure the affordability of their coverage. 15, 2023 – i.e. – by October 14.