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Cadillac Tax Delayed Again

Cadillac Tax delayed

President Trump recently signed a short-term spending resolution to end the government shutdown on January 22, 2018. One key Affordable Care Act tax that was affected by this resolution was the Cadillac Tax.

The Cadillac Tax is a 40% excise tax for high cost employer-sponsored health coverage that exceeds the annual limitation (including contributions to Flexible Spending Accounts, Health Reimbursement Arrangements, and Health Savings Accounts). Per the resolution, the implementation of the Cadillac Tax has been further delayed until 2022.

For more information, download this bulletin.

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Erin Woulfe

Erin Woulfe

Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization, or providing tips and how-to’s to help them make their job easier.”