Archive for December 2015

Cadillac Tax Update: Employers get an early Christmas gift from Uncle Sam

In last week’s blog article, we discussed that business owners have been gearing up in preparation for the impending Cadillac Tax. But on Friday, December 18, employers got an unexpected early Christmas present from the federal government when Congress passed, and President Obama signed, a $1.8 trillion spending and tax cut package that funds the…

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Group Benefits Update: Who Will Win the Cadillac: Obama or Congress?

For employers, one of the most anxiety producing elements of the Affordable Care Act (ACA) has been the upcoming Cadillac Tax. That’s the 40 percent excise tax on health benefits exceeding an annual limit ($10,200 for individuals and $27,500 for families). The Kaiser Family Foundation estimates that 26 percent of companies will be affected by…

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