Employers can find relief in a two-year delay to the start of the unpopular excise tax on group health premiums known as the “Cadillac Tax”. BPC’s largest policy concerns in 2015 were related to the looming impact of the tax. BPC’s CEO, Habeeb Habeeb, along with other industry leaders, spent time in Washington D.C. meeting with members of Congress on both sides of the aisle, explaining the need for repeal or reform of this potentially harmful tax. The 40% excise tax on the value of health coverage exceeding certain thresholds was set to go into effect in 2018. Estimates ranged widely across different studies and surveys, but overwhelmingly found that the tax would impact a broad range of employers in the U.S.
Posts tagged #Cadillac Tax