Friday, December 18, 2015

Cadillac Tax Delayed for Two Years

Lobbyists in Congress have succeeded in raising concern regarding the uniform application of the Cadillac Tax throughout the nation. As a result, a recent law introduces several significant changes to the "Cadillac Tax" section of the Affordable Care Act.  
Here are the highlights:
·         The effective date of the Cadillac Tax has been delayed until January 1, 2020
·         Any excise tax levied will now be fully tax deductible for employers

·         The government will fund an official study by the comptroller on appropriate age and gender premium adjustments in consultation with the National Association of Insurance Commissioners (NAIC)

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