'Cadillac' Tax Delayed Until 2020
Marshall & Sterling E-Alerts - Keeping You in the Know
On Thursday, December 17th, Congress approved a year-end budget package-including a two-year postponement of the Affordable Care Act's (ACA) "Cadillac tax" on higher-cost insurance policies.
The "Cadillac tax," which amounts to a 40 percent levy on the cost of benefits plans above threshold amounts, was originally scheduled to take effect in 2018. This welcomed delay means that companies who offer employees "expensive" health insurance will not have to pay the tax for those plans until 2020.
At Marshall & Sterling, we strive to keep clients informed with valuable and timely information on issues that impact your business and benefit plans. As always, please feel free to reach out with any questions or concerns.
Dannielle O'Toole, Esq.
Health Care Reform & Compliance Specialist
Marshall & Sterling Insurance
110 Main Street
Poughkeepsie, NY 12601
845-226-3083, ext. 2452