Tip Tuesday! Feds offer a first look at the upcoming ‘Cadillac Tax’

By Jared Bilski

Even though the “Cadillac Tax” doesn’t take effect until 2018, it’s one of HR pros’ biggest concerns regarding the entire Affordable Care Act. Now, for the first time, the feds are offering guidance on how this tax will be calculated.  
Starting in 2018, employers will be required to pay a 40% excise tax on the value on any healthcare coverage that exceeds $10,200 for single coverage or $27,500 for families in premium costs.
Many firms have already determined they’re likely to be impacted by this tax in 2018 or soon after.
But even though they’ve been making decisions in anticipation of that tax, until now, the feds haven’t given any details on what to expect.

1. Pretax HSA contributions

Click here to continue reading.