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The IRS issued guidance in Revenue Procedure 2017-36 that decreases the percentage from 9.69% to 9.56% for purposes of determining the affordability of employer-sponsored group health coverage in 2018. This percentage affects which applicable large employers may face potential penalties under 4980H(b) for failure to provide affordable coverage and which individuals may qualify for subsidized coverage through a public Exchange (Marketplace).

As you are thinking about your company goals for 2018 and beyond, one action item worth thinking about (whether or not you are looking for a broker change) is to discuss or create your employee benefits “mission statement” and how it aligns with your overall strategy.