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)