Archive by tag: Further Consolidated Appropriations ActReturn
RSS
In December 2019, the Further Consolidated Appropriations Act, 2020 was signed. Among many provisions was an extension of the tax used to fund the Patient-Centered Outcomes Research Institute. This tax was first applicable in 2013 and the final tax filings were scheduled for 2020. With this extension, plans will now be responsible for this tax and filing for an additional 10 years, up to 2030.
Read More
Categories: Health Care Reform, Compliance | Tags: Further Consolidated Appropriations Act 2020 , HR 1865 , PCOR Fees , Patient-Centered Outcomes Research Institute
Late Friday, President Trump signed the Further Consolidated Appropriations Act (“Act”), 2020 (H.R. 1865) which includes many provisions, most notably the repeal of the Cadillac Tax. The Cadillac Tax was a provision included in the Affordable Care Act which imposed a tax on health plans if the value of the employer-sponsored health coverage exceeded a specified threshold. Employers sponsoring plans that risked surpassing that threshold would likely have cut their benefits to avoid the Cadillac...
Read More
Categories: Health Care Reform, Compliance | Tags: Further Consolidated Appropriations Act , Cadillac Tax , Repeal , Transportation Benefits , H.R. 1865