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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