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Affordability of Employer Coverage for Family Members of Employees: Fixing the Family Glitch October 27, 2022Disclaimer The information provided in this presentation is intended only as a general,

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How to fill out affordability of employer coverage

01

Gather information on the cost of the employer-sponsored health insurance plan.

02

Calculate the employee's annual salary.

03

Determine the employee's required contribution towards the employer-sponsored health insurance plan.

04

Compare the employee's required contribution to their annual salary to determine affordability.

Who needs affordability of employer coverage?

01

Employees who are eligible for employer-sponsored health insurance.

02

Employers who want to ensure their health insurance plans are affordable for their employees.

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What is affordability of employer coverage?

Affordability of employer coverage refers to the cost of health insurance offered by an employer that is considered affordable based on the employee's income.

Who is required to file affordability of employer coverage?

Employers subject to the Affordable Care Act (ACA) provisions are required to file affordability of employer coverage for their eligible employees.

How to fill out affordability of employer coverage?

Employers can fill out affordability of employer coverage by using the relevant forms provided by the IRS and submitting the necessary information regarding the cost of coverage and employee income.

What is the purpose of affordability of employer coverage?

The purpose of affordability of employer coverage is to ensure that employees have access to affordable health insurance coverage through their employer as mandated by the ACA.

What information must be reported on affordability of employer coverage?

Employers must report the cost of coverage, employee income, and other relevant information needed to determine if the coverage offered is affordable.

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