In Revenue Procedure 2016-14 the IRS provided the inflation adjusted amounts for provisions related to the individual health care mandate and credit rules under the Affordable Care Act for 2017.
The ruling updates the Applicable Percentage Table for 2017. The able is used to compute the percentage which is individual is responsible for when purchasing the Second Lowest Cost Silver policy, with the premium amount in excess of that being potentially available as a credit. The percentage increases linearly over the ranges specified in the table.
The percentage used to test for whether a taxpayer had available affordable employer sponsored minimum essential coverage under IRC §36B(c)(2)(i)(II) will be 9.69% of the taxpayer’s household income in 2017.
Finally, the percentage of household income that is used under IRC §5000A to determine if the individual qualifies for the exception from the shared responsibility penalty for not having available affordable coverage will rise to 8.16%