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• Employer coverage is considered affordable - as it relates to the Advanced Premium Tax Credit (APTC) - if the employee’s share of the annual premium for self-only coverage is no greater than 9.5% of annual household income. Starting in 2014, individuals offered employer-sponsored coverage that’s affordable and provides minimum value won’t be eligible for a premium tax credit.
  U.S. Centers for Medicare & Medicaid Services - Cite This Source - This Definition
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  Cite Definition for Affordable coverage (as it relates to APTC)

  American Psychological Association (APA)

  Affordable coverage (as it relates to APTC). (n.d.). HealthCare.gov Glossary. Retrieved June 5, 2023, from website: http://www.expertglossary.com/definition/affordable-coverage-as-it-relates-to-aptc.

  Chicago Manual of Style (CMS)

  Affordable coverage (as it relates to APTC). HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. http://www.expertglossary.com/definition/affordable-coverage-as-it-relates-to-aptc (accessed: June 5, 2023).

  Modern Language Association (MLA)

  "Affordable coverage (as it relates to APTC)." HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. 5 June. 2023 http://www.expertglossary.com/definition/affordable-coverage-as-it-relates-to-aptc.

• Browse Related Terms: Affordable coverage (as it relates to APTC), Employee Retirement Income Security Act of 1974 (ERISA), Employer Shared Responsibility Payment (ESRP), Full-Time Employee, Full-Time Equivalent, Minimum value, Multi-Employer Plan, Open Enrollment, Plan, Tax credit, Vision or Vision Coverage