With the IRS’s recent updates outlined in Rev. Proc. 2023-29, it’s essential to grasp the key takeaways that will impact the costs of your 2024 employer-sponsored health and prescription drug plans.
To navigate the Affordable Care Act (ACA) effectively, you must be familiar with the three “safe harbors” for determining affordable employer-provided coverage: the Federal Poverty Level Safe Harbor, the Rate of Pay Safe Harbor, and the W-2 Wages Safe Harbor.…
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