Federal Poverty Level ACA Affordability Safe Harbor Estimator

The Affordable Care Act requires employers who had 50 or more full-time or full-time equivalent employees to offer affordable health insurance to their full-time employees. The employer has to determine if the plans they are offering to their employees are affordable or not. The IRS sets the affordability percentage each year as a unit of measurement. If the employees monthly health insurance premium for the lowest cost plan offered by their employer is over that percentage of monthly wages, then the plan would not be an affordable health plan.

We are utilizing the Healthcare.gov website for the latest federal poverty level amounts. We will be using the individual income number for calculation purposes. To see this number, you can locate it by Clicking Here. We also are using the latest version of the IRS publication for the Required Contribution Percentage for purposes of the ACA. You can locate this document by Clicking Here.

Do you have the required MONTHLY insurance premium the employee pays/contributes to the health insurance plan?

You *MUST* have the monthly insurance premium for your employee in order to proceed with this calculation. Please indicate yes when you have obtained the monthly premium number so you may enter that into this calculation.

You *MUST* enter in a monthly premium with a value greater than zero(0) above in order to continue.

Federal Poverty Level Safe Harbor Calculate Estimate

The 2024 Federal Poverty Level number for a single individual is:

The monthly Federal Poverty Level Premium which the employee's premium must be at or below is:

The employee's monthly Premium:

The difference between the employee's monthly premium and the monthly Federal Poverty Level Premium (FPL - Employee's Monthly Premium).

Your monthly employee only insurance plan is AFFORDABLE by:

Your monthly employee only insurance plan is UNAFFORDABLE by:

**The above number is an estimation and should only be used as a reference point. Questions regarding the amounts you are paid, deducted, or taxed should all be brought to your employer for further clarification. Workforce 2080 provides these estimations to assist employees and employers determine a rough estimation of what taxes, payments, or deductions *could* be. These estimations should not be construed as implict or explicit guarantees in any way. Many factors come into play, such as rounding of figures in Payroll Software, errors in the submission through this portal etc. Workforce 2080 assumes no risk with these estimations and provides these tools to help educate the general population. All users who use these products and estimators outside of their intended use assume risk when used outside of the scope of educational and general knowledge.