Is this ICHRA offer affordable?
Enter the employee's county, age, household income and monthly allowance. You'll see whether the employee can turn the ICHRA down and use a premium tax credit instead. Find out before they choose.
Setting an allowance for a company? Use the employer calculator.
How the numbers work
The test. An ICHRA is affordable when the employee's cost for the lowest-cost Silver plan, after the allowance, is no more than 10.22% of household income (2027 plan years).
The premium. The lowest-cost 2027 Silver plan sold on the exchange in the employee's county, for the employee alone, non-tobacco, from public CMS plan data for states that use HealthCare.gov.
Not included. Whether the household qualifies for a premium tax credit. That also depends on household size, income and other coverage.
General information, not legal or tax advice.