An insurance plan is considered affordable if the plan has an actuarial value of at least 60% or if the premiums do not cost more than 9.5% of an employee's income.

Question

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An insurance plan is considered affordable under the Affordable Care Act if it meets either of these criteria: having an actuarial value of at least 60% or if the premiums do not exceed 9.5% of an employee's income.

An Insurance Plan Is Considered Affordable If the Plan Has