Entries 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
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