ACA Limits, Penalties and Fees - 2014 thru 2020 - Employee Benefits I AP Benefit AdvisorsEmployee Benefits I AP Benefit Advisors

ACA Limits, Penalties and Fees – 2014 thru 2020

Posted August 26, 2019 by Patrick Haynes in Uncategorized | 0 comments

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/

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