One of the more unclear aspects of the Affordable Care Act (ACA) is the Cadillac Tax, which is now set to go into effect in 2020 (after a two year delay). Very little in the way of concrete guidance has been disseminated by the IRS and the Treasury Department. What we know at this point is that, unless it is repealed, there will be an excise tax on “high cost” medical plans. According to Spring’s research, while the Cadillac Tax will likely not be a large burden right away, the projected Cadillac Tax will increase considerably in the future for many organizations.
Our actuarial team has developed this tool to project an organization’s future Cadillac Tax payments based on the latest known Cadillac tax guidance, using your current enrollment and medical plan cost data. Using the form below, enter the required inputs. Your 2020, 2025 and 2030 total estimated Cadillac Tax will be automatically calculated.
Of course, if you have any questions about the Cadillac Tax or anything else related to the Affordable Care Act, be sure to contact us using the form below.
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