How the IRS’ adjustment up of affordability percentages for 2015 may affect your business

Nov 12, 2014

The Internal Revenue Service (IRS) has released the Revenue Procedure 2014-27 to index the Patient Protection and Affordable Care Act’s (PPACA) affordability percentages for 2015 under the employer’s shared responsibility” (more commonly known as “play or pay”) mandate. This employer mandate change adjusted up the income level, which exempts employees from the PPACA’s individual mandate.

For a downloadable PDF of the new IRS adjustments up, go to https://www.irs.gov/pub/irs-drop/rp-14-37.pdf.

The applicable percentage table for 2015 is as follows:

Household income percentage of Federal poverty line:	Initial percentage	Final percentage
Less than 133 percent	2.01 percent	2.01 percent
At least 133 percent but less than 150 percent	3.02 percent	4.02 percent
At least 150 percent but less than 200 percent	4.02 percent	6.34 percent
At least 200 percent but less than 250 percent	6.34 percent	8.10 percent
At least 250 percent but less than 300 percent	8.10 percent	9.56 percent
At least 300 percent but not more than 400 percent	9.56 percent	9.56 percent

Source: IRS (https://www.irs.gov/pub/irs-drop/rp-14-37.pdf)

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