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Politics : Formerly About Advanced Micro Devices
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To: Jorj X Mckie who wrote (576681)7/17/2010 6:07:49 PM
From: Alighieri  Read Replies (1) of 1569855
 
Remember how there was going to be a tax on cadillac healthcare plans? And then it became clear that union members usually had the...

There is...readon, from the final reconciled bill below.

Do you want more examples?

You bet, but give us one that's true this time.

Al
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Impose an excise tax on insurers of employer sponsored
health plans with aggregate
values that exceed $10,200 for individual
coverage and $27,500 for family coverage
(these threshold values will be indexed to the
consumer price index for urban consumers
(CPI-U) for years beginning in 2020). The
threshold amounts will be increased for
retired individuals age 55 and older who are
not eligible for Medicare and for employees
engaged in high-risk professions by $1,650
for individual coverage and $3,450 for family
coverage. The threshold amounts may be
adjusted upwards if health care costs rise
more than expected prior to implementation
of the tax in 2018. The threshold amounts
will be increased for firms that may have
higher health care costs because of the age
or gender of their workers. The tax is equal
to 40% of the value of the plan that exceeds
the threshold amounts and is imposed on
the issuer of the health insurance policy,
which in the case of a self-insured plan is
the plan administrator or, in some cases, the
employer. The aggregate value of the health
insurance plan includes reimbursements
under a flexible spending account for
medical expenses (health FSA) or health
reimbursement arrangement (HRA), employer
contributions to a health savings account
(HSA), and coverage for supplementary health
insurance coverage, excluding dental and
vision coverage. (Effective January 1, 2018)
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