Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Atlantic Pension Services Inc
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
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|Budget Deal Takes a Bite Out of ACA: Beginning of the End of the Cadillac Tax, and Other Tax Moratoriums|
Dec. 18, 2015
"The Cadillac Tax, set to begin in 2018, is now delayed to 2020.... This two-year delay means that health plans (ultimately insureds) get to keep about $3 billion more of their money in 2018 and another $6 billion in 2019 according to the [CBO].... The Health Insurance Provider Tax and Medical Device Tax won't be collected in 2017 as part of a one year moratorium.... Permanently nixing all three taxes (Cadillac, insurer and medical device) would save taxpayers at least $253 billion through 2025 ... This spending bill will, once again, limit funding of the risk corridor program to the fees that the program collects from insurers that have excess profits."
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