Here Comes the Cadillac Tax

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Image courtesy of BloombergBusiness, click for video

Nicknamed the “Cadillac Tax” for its application to higher quality plans, a new 40% excise tax on certain employer-provided health care plans will soon be taking effect. However, with base thresholds for the tax at $10,200 for self-only coverage and at $27,500 for all other coverage tiers, the tax’s broad application means it might better be nicknamed “Chevrolet.”

Plan sponsors, including county governments, should take steps now to understand when their plan may hit the excise tax thresholds and how to minimize the tax’s impact. The Maryland Association of Human Resources Officers are sponsoring the educational session, Here Comes the Cadillac Tax, at this year’s MACo Conference.

Join us for more information about this federal law and how it will affect your county. Senator Addie Eckardt of Caroline, Dorchester, Talbot, & Wicomico Counties will moderate this session on Friday, August 14, 2015, from 1-2 p.m.

Speakers:

  • Mark L. Lynne, CEBS, President, Health Plan Consulting Division, Bolton Partners, Inc.
  • Brian Bowden, Health Lobbyist, National Association of Counties
  • Lee Diemer, Director, Employer Sales, BenefitFocus 

Learn more about MACo’s Summer Conference:

For a schedule of educational sessions at MACo’s Summer Conference, please view the Registration Brochure.

Questions? Contact Meetings & Events Director Virginia White.

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