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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Tags: ACA, ACA affordability, aca compliance, Affordability, Affordable Care Act, CERF, HDHP, health care reform, healthcare legislation, healthcare news, healthcare reform, HSA, IRS, irs revisions, large group health, Obamacare, OOPMax, Out of Pocket Max, PCORI, PPACA, ppaca compliance, ppaca news, ppaca regs, ppaca updates
