As a reminder, Applicable Large Employers (ALEs) may face penalties if they do not offer affordable employer-sponsored minimum essential coverage. As stated in IRS Notice Rev Proc. 2020-36, for plan years beginning in 2021, the percentage is 9.83%. The percentage for plan years beginning in 2020 was 9.78%.
More information on this requirement can be found on the IRS website:
For questions, please contact your B&P Sales Rep - 888.722.3373.