HR & Compliance

  • Cadillac Tax (Part 2) by

    Posted on: October 30, 2014Categories: HR & Compliance

    The spread of plan level results is quite wide and varies by plan. For the lowest quarter of plans, 25th percentile, the projected 2018 Cadillac tax is 1.2% of plan costs. For plans at the top 10 percent, 90th percentile, it jumps to 12.3%. It will be hard for health system plans to adjust benefit design to avoid that big of a tax hit. There is a range of projected plan costs for two coverage tiers. At the plan level, of those expected to incur the tax, 95% expect it for the employee only cover ...

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  • Cadillac Tax (Part 1) by

    Posted on: October 28, 2014Categories: HR & Compliance

    High-cost health plan taxes, often referred to as Cadillac plan taxes, are expected to impact plans provided by healthcare organizations for their own employees as much as 39% by 2020. Beginning in 2018, the Patient Protection and Affordable Care Act (ACA)  requires employer to pay 40% on the value of  high cost health plans. This tax on Cadillac plans is calculated as 40% of the portion of the plan that exceeds standards set by the ACA, therefore the implications are significant. Also to be c ...

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  • Update on HRA Plans by

    Posted on: October 27, 2014Categories: HR & Compliance

    With many recent changes in health insurance plan design and compliance requirements under the ACA, HRAs continue to be a valuable plan design tool for employers.  We have seen a growth in HRAs in 2014 for groups of all sizes, including options designed to reimburse deductible expenses, coinsurance expenses, retiree expenses, and out-of-pocket medical, dental, or vision expenses.  A priority this year has been to examine all new and existing plans to ensure that HRAs meet the qualifications fo ...

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