Posted on 11/11/2014 11:43:23 PM PST by grundle
They might want to think about changing the name of Obamacare's "Cadillac Tax" to a "Ferrari Tax."
A new report that details the effects of a looming Obamacare excise tax on employer-sponsored health plans highlights the big bucks large companies will have to dole out starting in 2018 and how employees might end up getting stuck with much of the costs if bosses blanch at the tax bill.
The American Health Policy Institute analysis found that big companies subject to the tax will pay an average of $2.1 million per year from 2018 to 2024-equal to $2,700 per employee. And if companies adjust workers' wages to offset reductions in health benefits due to the tax, more than 12 million employees will face an average of $1,050 in higher payroll and income taxes per year.
"As these numbers show, this tax is going to impose real costs on both employees and employers alike," the group's report said.
... more companies will move toward plans that have higher "cost-sharing" by workers, that is plans with higher deductibles and other out-of-pocket expenses.
... employers will reduce health-care benefits to avoid the tax...
"The employees could see up to a $6,150 reduction in their health-care benefits and little or no increase in their pay," the report said.
(Excerpt) Read more at finance.yahoo.com ...
An HSA is still an insurance plan theat has to be acquired through an insurance co. I currently have an HSA and my premium is set to double next month.
Poor Old North americans Think It’s A Care-plan
How can this be?
Obamacare's primary purpose was to insure that everybody was insured...
Media Mendacity on steroids...oh, also provided free by ObamaCare...
So on the first one you are out of pocket $24716 per year if you actually have to use it and $13716 if you don’t. Doomed either way.
Yup.
And up to 22500 with the middle plan THEN 50 cents on every dollar after that. What a deal...
Well just Hubby and I are approaching $16000 in yearly premiums for our private insurance so I feel for you.
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