Cadiallac tax delayed
December 23, 2015
President Obama signed federal legislation on December 18, 2015, which delays the Cadillac tax for two years.
In addition to delaying the Cadillac tax, the legislation provides the following:
- a two-year delay of the excise tax (aka the Cadillac tax) on high-cost plans (therefore, this will not be applicable in 2018 and 2019)
- a one year delay of the Health Insurance Tax (HIT will be applicable on 2017 premium)
- a suspension of the medical devices tax until December 31, 2017
For more details on federal health care reform, including information on taxes and provisions, please contact your Lyons Companies account team or email benefits@lyonsinsurance.com.
