Large companies that provide generous health insurance plans to their employees are slashing benefits to prepare themselves for a new Obamacare tax.
Under the new healthcare law, a 40 percent excise tax — referred to as the "Cadillac tax" — will be levied on the most expensive health plans from 2018. The tax kicks in if a company's annual healthy-insurance cost exceeds $10,200 for an individual and $27,500 for a family.
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Soooooo, congress is going to include themselves in this, right? I mean, they are privy to the best plans on the market, paid in full by US, their "bosses"....errrrr serfs.
ReplyDeleteChoke on it.
10-27,000 means "everybody" in 2018.
ReplyDeleteThe law limits the amount the existing plans cost can be passed on to the employees each year - but it does give the employers enough notice to start now!
ReplyDeleteAnother unintended consequence...thanks Nancy!
Employers should never had been allowed to become insurance brokers in the first place.
ReplyDeleteBuy a plan according to your work category.
Pay the insurer directly
The doctor gets paid from the insurer.
There is not 10,000 government administrators involved.
Reform accomplished. No state barriers allowed.
How is this stupid?