One-Fourth of Employers Offering Health Benefits Will Be Hit With ACA's 'Cadillac Tax'

California Healthline

August 26, 2015

One in four employers offering health care benefits will be subject to the Affordable Care Act's (ACA) so-called "Cadillac tax" in 2018, and 42 percent of employers will be affected a decade after that, according to the Kaiser Family Foundation. Under the ACA, employers that offer health plans with annual premiums of more than $10,200 for individuals or $27,500 for families will pay a 40 percent excise tax on the portion of the premiums that exceeds those thresholds. The tax is set to take effect on Jan. 1, 2018. Some employers could begin making changes to benefits now to avoid the tax.



Total Votes: 1 Avg Vote: 1
 

Comments

 

Leave a Comment

Comments submitted are subject to review by the Los Angeles Area Chamber of Commerce prior to posting. The Chamber reserves the right to monitor and withhold comments that include personal, offensive, potentially libelous or copyright protected language, materials or links. Only comments relevant to the topic will be posted. Comments posted must have a valid email address. View our full terms & conditions.