Preparing for the ACA's Cadillac Tax
Marshall & Sterling E-Alerts - Keeping You in the Know
Scheduled to take effect in 2018, the Cadillac Tax is one of the most significant revenue provisions of the Affordable Care Act (ACA), which has been of concern to employers since the ACA's enactment over five years ago.
The 40% excise tax on "high-cost health coverage" is assessed on the amount of employer sponsored health benefits in excess of pre-set thresholds. The Cadillac Tax applies to all employers, regardless of size, and is predicted to affect more than 60% of all employers/plan sponsors.
2018 is right around the corner-is your company prepared?
Some topics the webinar on July 28 covered:
Those responsible for calculating and paying the tax
Included plans and examples/calculations using current thresholds
Suggestions on ways to limit your organization's exposure to the tax
Effective dates & Impact of possible repeal
Dannielle O'Toole, Esq.
Health Care Reform & Compliance Specialist
Marshall & Sterling Insurance
110 Main Street
Poughkeepsie, NY 12601
845-226-3083, ext. 2452