Articles for 'cadillac'

As reported by National Association of Health Underwriters, Congress has voted to fully repeal the Cadillac (excise) Tax and the Health Insurance Tax. The legislation fully repeals the Cadillac Tax and repeals the HIT effective January 1, 2021, which means the HIT will still be in place for 2020. According to the Congressional Budget Office, repealing the Cadillac Tax will save consumers $197 billion, and the HIT repeal will save consumers $150 billion! Busines... Read more
In a first step toward repealing and replacing the Affordable Care Act (ACA), the U.S. House of Representatives passed the American Health Care Act (AHCA) May 4, 2017.  On Thursday, June 22, 2017 Republican Senate leadership released a discussion draft bill, “Better Care Reconciliation Act (BCRA) of 2017”. To date the Senate has not been able to pass a  health care bill or a bill that would repeal the Affordable Care Act without replacing it. Unt... Read more
Lawmakers are looking to delay several parts of the Affordable Care Act (ACA) that would increase taxes, within the new Ominius Budget deal.  Included in this agreement is the delay of the Cadillac Tax.  This agreement was passed and later signed by President Obama last week, pushing back the tax on high premium insurance plans for two more years. Business Benefits has many concerns about the Cadillac Tax. One of our primary concerns is that the law a... Read more
The Affordable Care Act’s high-cost plan tax (HCPT), called the “Cadillac plan” tax, will likely affect employer decisions about their health benefits in the future. This new tax takes effect in 2018 and proposed rules have been released by the IRS in recent months.  Although a very unpopular provision of the Affordable Care Act it’s included in the law as a revenue generator to pay for other aspects of the ACA. What is the Cadillac Tax?&nbs... Read more
When originally conceived, it was thought that the Cadillac Tax would only apply to a small percentage of health plans and that most employers would be able to make choices that would allow them to avoid the tax. However, five years later, it is clear that this will not be the case. Read more
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