You’ve probably heard a few things about the Cadillac Tax since the Affordable Care Act became the law of the land. But have you taken a good hard look what the tax really means for your business?
Due to the high rate of inflation for healthcare, the cost of even a mid-range health plan is quickly approaching the Tax threshold ($10,200 for single coverage and $27,500 for family coverage in 2018). So it’s more likely a question of when, not if, the Cadillac Tax could affect you. And when it does, you need to be prepared for the extra work and expense that comes along with it.
Here’s an example of how an employer would calculate and assess the Tax, as the law is currently written:
For large employers, those numbers can add up quickly. The good news is there’s still time to evaluate your risk exposure and determine how the get out ahead of the Cadillac Tax.
For an in-depth look at how the Cadillac Tax impacts the future of your benefits program, as well as tips for thriving in the post-ACA world, check out the all-new whitepaper, Don’t Get Run Over by The Cadillac Tax.