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Thursday, Oct 1 2015

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Employers Seeking Ways To Prepare For Tax On Worker's Health Benefits

The 2010 health law sets a 40 percent tax in 2018 on coverage that costs more than $10,200 for single plans and $27,500 for family insurance. Also in related health law news, The Hill examines whether a quiet bipartisan effort is developing to revamp some parts of the law.

The taxman is coming to employer-sponsored health insurance, and his visit may trigger changes to your benefits. The health care overhaul calls for a 40-percent tax starting in 2018 on the value of employer-sponsored coverage that costs more than $10,200 for single plans and $27,500 for family insurance. Employers are working to avoid this tax by cutting costs that have been rising for several years. (Murphy, 9/30)

The public opposes ObamaCare鈥檚 鈥淐adillac Tax鈥 on high-cost health insurance plans by a wide margin, according to a new poll. (Sullivan, 10/1)

In a nearly empty House chamber on Monday afternoon, a little-noticed bill came up for a voice vote. The few lawmakers on the floor shouted 鈥渁ye,鈥 no one shouted 鈥渘o,鈥 and the bill was passed. Changing Obamacare has rarely been so drama-free. Passage of the bill, which would adjust the healthcare law鈥檚 definition of a small employer, is raising hopes that more bipartisan tweaks to ObamaCare could be on the way. (Sullivan, 10/1)

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