Support “My Money, My Health."
Help us exempt FSAs and HSAs from the “Cadillac Tax.”
Beginning in 2018, as part of the Affordable Act (ACA), an excise tax to discourage employers from offering excessively rich health insurance benefit plans will go into effect. Commonly referred to as the "Cadillac Tax," it will levy a tax equal to 40% of the value of any coverage in excess of $10,200 for an individual and $27,500 for a family.
The Cadillac tax decreases health care coverage options for your family
The law impacts an individual’s ability to save for their health care needs. The Cadillac Tax will treat your contributions into your Flexible Spending Account (FSA) or Health Savings Account (HSA) in the same way as contributions by an employer for the purposes of calculating the tax.
The “My Money, My Health” campaign is dedicated to protecting employee contributions from the effects of the Cadillac Tax. The initiative is supported by the Employers Council on Flexible Compensation (ECFC), the leading nonprofit organization promoting choice in
benefit solutions. Employee Benefits Corporation is a member of ECFC, and, along with other third-party administrators (TPAs) nationwide, we support this important initiative.
We believe the Cadillac Tax will unfairly limit the ability of over 103 million Americans who rely on consumer-directed accounts like the BESTflex Plan and SimplyHSA to help reduce their annual health care costs.
It’s easy to support the My Money, My Health campaign
The “My Money, My Health” website lets you share how you use your FSA or HSA to help your family pay for health care. The site also lets you write your legislators to voice your objections to the Cadillac Tax. There’s even an option to Tweet elected officials, too.
Use the links to the right to learn more about My Money, My Health and to voice your opinions. Help us tell Congress why FSAs and HSAs should be exempt from the Cadillac tax.
Help us tell Congress why FSAs and HSAs should be exempt from the Cadillac tax.