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Compliance

2024 Applicable Large Employer (ALE) Requirements

The Affordable Care Act (ACA) is the comprehensive health care reform law enacted in 2010. The ACA has many complex requirements for employers and their health plans.

Changes to some ACA requirements will take effect in 2024 for employers sponsoring group health plans. Significantly, the affordability percentage under the ACA’s employer mandate rules for applicable large employers (ALEs) will be at its lowest point for plan years beginning in 2024, which may require many ALEs to lower their employee contribution rates.

The attachments provide more information on ACA requirements for ALEs.

Disclaimer: This article and attachments are not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice. The contents of this document may be affected by future regulations and sub-regulatory guidance.