Named after America’s luxury automobile, a 40 percent “Cadillac Tax” is scheduled to take effect for applicable coverage with plan years beginning on or after January 1, 2018. Although the tax is still several years away and regulations may evolve before it is implemented, employers can begin to determine how their plans may be affected when the tax goes into effect.
Employers with 50 or more full-time equivalent employees are required to submit informational reporting about their employee health care coverage to the IRS. This article covers a general overview of the requirement and need-to-know details for employers to begin preparing for compliance.
There are many new considerations for employers. Stay up on important details without having to read pages of legislation. Below you will find fact sheets for key issues that may impact your business.
Employers have several options to provide major medical insurance coverage for their employees in the new health care reform environment. Learn more about these options, and how they compare.