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Category: Cadillac Tax

5 Things Employers Would Change About the ACA

Given a magic wand, employers would make signficiant changes to the ACA. Here are the top 5 changes, according to John Barkett of Willis Towers Watson: Eliminate the Cadillac Tax Approve the Small Business Healthcare Relief Act Keep pushing health care delivery system reforms --- and enforcing anti-trust rules End the employer mandate Adopt provisions that better address the root causes of the high-cost of health care  Read John's article in Employee Benefit... Read More
Posted by Cristie Travis at Friday, May 27, 2016

Despite Delay in Excise Tax, Employers Continue to Explore Private Exchanges

From the National Business Coalition on Health: According to a survey of employers conducted by the Private Exchange Evaluation Collaborative (PEEC), 46% have implemented or are continuing to look at private health insurance exchanges to offer health benefits for their covered populations.  Over the last few months PEEC has polled employers for a broad study on their views and intentions related to exchanges. A second shorter study was conducted in January to gauge strategies in light of... Read More
Posted by Cristie Travis at Wednesday, February 17, 2016

Flexible Spending Accounts May Disappear

Richard Stover, an actuary with Buck Consultants, predicts that Flexible Spending Accounts (FSA) will be the first to go if the Cadillac Tax moves forward as planned. FSAs allow employees to save their own money, pre-tax, to pay for various health-related expenses including co-pays and deductible, eye glasses, and more. According to Stover, eliminating FSAs may be the most obvious way the Cadillac Tax impacts the middle class. The Cadillac Tax, which taxes the amount of benefits over... Read More
Posted by Cristie Travis at Monday, August 31, 2015

Cadillac Tax To Become 2016 Election Issue

MBGH Members Only Peer Roundtable Discussions: Strategies Being Implemented re: Cadillac Tax The next time your CFO asks you to explain the Cadillac Tax just tell them it is a way to "equalize the way wages and health insurance are taxed. " According to the April 13, 2015 article in Employee Benefit News, Jonathan Gruber, an MIT economist, explains "Health insurance is compensation and wages are compensation. They should be taxed the same. And they're not". Gruber believes that since... Read More
Posted by Cristie Travis at Monday, April 13, 2015

Private Exchange Enrollment Doubles in 2015

2015 MBGH Annual Conference Topic: Private Healthcare Exchanges! According to an April 13,2 015 article in Employee Benefit News, Accenture data shows that enrollment in private exchanges doubled from 3 million in 2014 to 6 million in 2015. Accenture projects that by 2018, the first year of the Cadillac Tax, 40 million will be enrolled in private exchanges. Although most of the growth in 2015 was in the mid-market segment, Accenture believes that more large employers, who have been... Read More
Posted by Cristie Travis at Monday, April 13, 2015

Most Employers Reject Private Exchanges

In a stark departure from other industry polls, employers plan to resoundingly reject private exchanges as a way to control rising health care costs, according to a new survey of more than 330 employers conducted by the non-profit National Business Coalition on Health and Benz Communications.     More than half (55%) of the respondents indicate they will “never” stop sponsoring employee health plans in favor of giving employees money to buy coverage through a private exchange.... Read More
Posted by Cristie Travis at Wednesday, October 8, 2014

One-Third of Large Employers Taking Steps in 2014 to Avoid Cadillac Tax in 2018

From the National Business Coalition on Health: The Commonwealth Fund reports on recent trends among employers to start trimming back benefits now in preparation for the Cadillac Tax hitting "high cost plans" in 2018. As employees at many private companies prepare for the open enrollment season, some will find out soon about decisions their employers have made about benefits in order to escape a tax on expensive health care coverage that hits in 2018.The tax imposes a 40 percent excise... Read More
Posted by Cristie Travis at Monday, October 14, 2013

New Policy Brief on ACA's Cadillac Tax

From the National Business Coalition on Health:  A new health policy brief from Health Affairs and the Robert Wood Johnson Foundation explains one of the most controversial provisions of the Affordable Care Act: the so-called Cadillac tax on generous employer-sponsored health insurance plans.  Beginning in 2018 a 40 percent excise tax will be assessed on the cost of any of these plans exceeding $10,200 for individual coverage and $27,500 for family coverage. Employers, who would... Read More
Posted by Cristie Travis at Wednesday, September 18, 2013

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