Because of the Affordable Care Act, employers may face a 40% excise that tax on health insurance plans that provide “excess” benefits – commonly known as “Cadillac” plans.
Employers should “begin now to plan their compliance strategies for this confiscatory excise tax,” say John Hickman and Ashley Gillihan of the law firm Alston & Bird LLP.
In an ACA Times article, the attorneys explain how benefit limits are calculated and identify which types will be subject to the taxes, and which will be excluded. Read more