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Brown Cafe UPS Forum
UPS Discussions
New Health Care Legislation
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<blockquote data-quote="Dunupsn" data-source="post: 665392" data-attributes="member: 27417"><p>By law, this is going to get you 2 ways....the most noted way is by the tax on Cadillac plans (45%)...this increased cost will be passed on to you in the form of higher co-pays and lower coverage....but the second way has not got too much press....your health insurance premiums...what UPS pays weekly into the plan on your behalf will now be treated as ordinary income....added to your W2 and taxed....so if you made 70K this year....next year your W2 will say 90K and even though you won't get 1 more cent in your pocket, the extra 20K health insurance benefit will cost you at least 3K in additional taxes......<img src="/community/styles/default/xenforo/smilies/FeltTip/happy2.png" class="smilie" loading="lazy" alt=":happy2:" title="Happy2 :happy2:" data-shortname=":happy2:" /></p></blockquote><p></p>
[QUOTE="Dunupsn, post: 665392, member: 27417"] By law, this is going to get you 2 ways....the most noted way is by the tax on Cadillac plans (45%)...this increased cost will be passed on to you in the form of higher co-pays and lower coverage....but the second way has not got too much press....your health insurance premiums...what UPS pays weekly into the plan on your behalf will now be treated as ordinary income....added to your W2 and taxed....so if you made 70K this year....next year your W2 will say 90K and even though you won't get 1 more cent in your pocket, the extra 20K health insurance benefit will cost you at least 3K in additional taxes......:happy2: [/QUOTE]
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