Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|A Cadillac Tax for Chevy Health Care|
Physicians for a National Health Program [PNHP]
Apr. 8, 2015
"What we have traditionally considered to be standard health plans -- 'Chevy plans' -- are now considered to be 'Cadillac plans.' These are plans that union members have paid for through forgone wage increases -- wage concessions merely to maintain standard health care coverage, not 'Cadillac' coverage. This attitude that standard coverage is somehow a 'Cadillac' plan shows how much the definition of standard coverage has deteriorated."
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