By Jennifer Carsen, JD
The Cadillac Tax is designed to help fund healthcare reform and reign in unnecessary spending by imposing a 40% excise tax on insurers of employer-sponsored health plans with total values that exceed $10,200 for individual coverage and $27,500 for family coverage, starting January 1, 2018.
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The 2-year delay of the effective date of the Cadillac Tax—to January 2020–has been heralded by many as a significant first step toward repealing it completely. How that extra revenue would be recouped is not yet clear.
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