The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act - Small Biz

What Is The Cadilac Tax On High-Cost Health Plans?

Beginning in 2018, there will be a 40 percent excise tax levied on insurance companies when insurance premiums exceed certain amounts. This new tax won’t be levied on the employer unless they provide self-funded plans. The tax applies to the extent that yearly premiums exceed $10,200 for single coverage and $27,500 for family coverage.

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