ACA Limits, Penalties and Fees – 2014 thru 2020
Posted August 26, 2019 by Patrick Haynes
Employer Shared Responsibility (Employer Mandate)
| Plan Years | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
| Affordability Safe Harbor Percentage | 9.78% | 9.86% | 9.56% | 9.69% | 9.66% | 9.56% | 9.50% |
Employer Mandate Penalties – Calendar Year
| Penalties | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
| Tier One: Failure to offer coverage or to offer to 95% of employees (70% for 2015) | TBD | $2,500 | $2,320 | $2,260 | $2,160 | $2,080 | $2,000 |
| Tier Two: Failure to offer coverage that is affordable and meets minimum value | TBD | $3,750 | $3,480 | $3,390 | $3,240 | $3,120 | $3,000 |
Market Rules
| Account Limits | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
| Health Care Flexible Spending Account (FSA) | TBD | $2,700 | $2,650 | $2,600 | $2,550 | $2,550 | $2,500 |
| Dependent Care Flexible Spending Account (FSA) | TBD | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Health Spending Accounts (HSA) | |||||||
| High Deductible Health Plan Annual Deductible Minimums (Self-Only/Family) | $1,400 $2,800 |
$1,350 $2,700 |
$1,350 $2,700 |
$1,300 $2,600 |
$1,300 $2,600 |
$1,300 $2,600 |
$1,250 $2,500 |
| Annual Out-of-Pocket Maximums (Self-Only/Family) | $6,900 $13,800 |
$6,750 $13,500 |
$6,650 $13,300 |
$6,550 $13,100 |
$6,550 $13,100 |
$6,450 $12,900 |
$6,350 $12,700 |
| Maximum Contribution (Self-Only/Family) | $3,550 $7,100 |
$3,500 $7,000 |
$3,450 $6,850/$6,900 |
$3,400 $6,750 |
$3,350 $6,750 |
$3,350 $6,650 |
$3,300 $6,550 |
| Transportation | |||||||
| Parking (per month) | $265 | $265 | $260 | $255 | $255 | $250 | $250 |
| Mass Transit (per month) | $265 | $265 | $260 | $255 | $255 | $250 | $130 |
Fees – Paid by Health Plan (per Covered Life)
| Fees | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
| Transitional Reinsurance Fee | N/A | N/A | $0 | $27.00 | $44.00 | $63.00 |
| Patient-Centered Outcomes Research (PCORI) | ||||||
| Plan Years Ending 1/1 – 9/30 | $2.45 | $2.39 | $2.26 | $2.17 | $2.08 | $2.00 |
| Plan Years Ending 10/1 – 12/31 | N/A | $2.45 | $2.39 | $2.26 | $2.17 | $2.08 |
2020 HSA Limits were made available on May 28, 2019. Please see those details here: https://www.apbenefitadvisors.com/2019/05/28/irs-releases-2020-limits-for-hsas/
Please contact your AssuredPartners’ Sales Executive or Account Manager for any further questions or assistance.
For more information, contact info@apbenefitadvisors.com. The information contained in this post, and any attachments, is not intended and should not be misconstrued as legal advice. You should contact your employment, benefits or ERISA attorney for legal direction.
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HRCI & SHRM Pre-Approved Webinar | Voluntary Benefits: Life Insurance with Long-Term Care – The Overlooked Lifetime Benefit
Posted August 13, 2019 by Megan DiMartino
The life insurance market has changed dramatically in the last 20 years and that is nothing compared to what has happened in the long-term care (LTC) market. Almost every employee has some personal financial risk (many are great) with the potential costs of an extended long-term care situation.
Join us for this HRCI* and SHRM** pre-approved, complimentary, one-hour webinar as our Director of Voluntary Benefits, Stephen Ivey, discusses the changes in the markets, the new definitions and features of LTC, and how these new types of plans are becoming much more important as a benefit offer.
Webinar details:
- Thursday, August 22, 2019
- 2:00pm – 3:00 pm EDT
- No cost to attend
- This webinar is open to all HR and Finance Professionals – but not to brokers, agents, TPAs and PEOs
*The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
**AP Benefit Advisors, LLC is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1 PDC for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit shrmcertification.org.
For more information, contact info@apbenefitadvisors.com. The information contained in this post, and any attachments, is not intended and should not be misconstrued as legal advice. You should contact your employment, benefits or ERISA attorney for legal direction.
AP Benefit Advisors’ webinar and website resources are designed for U.S.-based organizations. Our privacy and GDPR policy should be reviewed here. Please opt-out if you do not agree to these terms and conditions.
