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More Potential Twists on the Cadillac Tax

Ricardo Alonso-Zaldivar's September 1, 2015 AP post details the Treasury Department's current thinking about the Cadillac Tax: 

"— The Treasury Department says it is considering an exemption for flexible spending account contributions for dental and vision care, which are two popular uses.The health care law already limited FSA contributions and without such accommodations, the Cadillac tax could lead to their demise.

"A benefit that you are offering your employees so they can save money on taxes is going to wind up costing you money," said economist Paul Fronstin of nonprofit Employee Benefit Research Institute.

— Treasury is also trying to figure what do about a different kind of workplace arrangement called a "health savings account."

A growing number of workers have high-deductible health insurance that comes with tax-sheltered health savings accounts, or HSAs, that they and their employer can contribute to. But if an employee has his or her contribution deducted from their paycheck, it could potentially trigger the tax.

Officials say they're considering options."

The article also provides perspectives on the potential demise of Flexible Spending Accounts (FSAs). See related blog post here.

Read the full article here.

Posted by Cristie Travis at 7:27 AM

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