Posts tagged obamacare
Obamacare's "Cadillac Tax"

The "Cadillac Tax" is a 40% penalty (excise tax) on health insurance plans and a provision of Obamacare that takes effect on January 1, 2018. On that date, employers who provide insurance plans will get hit with a 40% excise tax on insurance premiums above $10,200 for an individual or $27,500 for a family plan.  It is estimated that in 8-10  years most health insurance plans offered by employers will be subject to the tax.

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