Final Rule: Affordability Of Employer Coverage For Family Members Of Employees

On October 13, 2022, the U.S. Internal Revenue Service published this final rule regarding affordability of employer coverage for family members of employees.The rule goes into effect on December 12, 2022. It amends regulations regarding eligibility for the premium tax credit (PTC) to provide that affordability of employer-sponsored minimum essential coverage (employer coverage) for family members of an employee is determined based on the employee's share of the cost of covering the employee and those family members, not the cost of covering only the employee. The final regulations also add a minimum value rule for family . . .