Archive by tag: Cadillac TaxReturn
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Yesterday, President Trump signed a bill which will provide funding for the government for an additional three weeks, through February 8, 2018, ending the government shutdown. The bill included a provision delaying the Cadillac Tax until January 1, 2022.
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Categories: Health Care Reform | Tags: Cadillac Tax , CHIP , medical device tax , health insurance tax , government shutdown

GOP Passes Tax Reform

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After months of debate on tax reform, today the House by a by a vote of 224-201, passed the “Tax Cuts and Jobs Act” (H.R. 1) to overhaul the tax code. The bill now heads to the White House where President Trump says that he will sign it into law. We anticipate that the bill will be signed before Christmas.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Tax Reform , GOP , Depedent Care Flexible Spending Accounts , Transportation Plans , Bicycling Benefit , Transit , Parking , Education Assistance , Adoption Assistance , IRS , Individual Mandate , ACA , Cadillac Tax
Today, the House Ways and Means Committee announced the introduction of a number of bills dealing with ACA-related taxes, including one which would delay implementation of the Cadillac tax for one additional year.
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Categories: Health Care Reform, Health Care in General | Tags: Cadillac tax , health insurance , ACA , Affordable Care Act
The Employers Council on Flexible Compensation, the Society for Human Resource Management, the National Association of Health Underwriters, and 33 other prominent employer advocacy trade groups signed onto a letter earlier this week urging that Congress grant relief for employers from the Cadillac Tax, the Health Insurance Tax and the medical device tax.
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Categories: Benefits in General, Health Care Reform, Health Care in General | Tags: Cadillac tax , health insurance , ECFC , SHRM , NAHU , Employers Council on Flexible Compensation , Society for Human Resource Management , National Association of Health Underwriters , letter , Congress , tax reform , benefits

Repeal and Replace ACA-Employer View

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The International Foundation of Employee Benefit Plans (IFEBP) this month released the results from a survey that asked 727 employers their views on the Affordable Care Act (ACA) and repeal-and-replace efforts.
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Categories: Health Care Reform, Compliance | Tags: ACA , Repeal and replace , IFEBP , Cadillac tax , Employer mandate , Health FSA , HSA

Bills Introduced to Amend Cadillac Tax

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Two bills have recently been introduced in Congress to amend the “Cadillac Tax” by removing certain benefit plan offerings from the calculation of the total cost of health care provided to an employee.
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Categories: Health Care Reform, Compliance | Tags: Cadillac Tax , IRS , ACA
The President released his 4 trillion dollar federal budget proposal for 2017 on February 9, 2016. Although the Republican led Congress will likely not approve, Obama’s final budget proposal of his presidency included several tax changes for businesses and individuals, changes to the estate and gift tax, incentives for retirement savings, as well as modifications to the Affordable Care Act (ACA).
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Categories: Health Care Reform, Compliance | Tags: Affordable Care Act , Cadillac Tax , ACA , FSA