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Employer mandates kicking in!
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<blockquote data-quote="PiedmontSteward" data-source="post: 1226083" data-attributes="member: 42270"><p>Union plans will be exempt -- along with all other Cadillac plans -- through 2018. Only plans with a value above $27.5k (family) or $10.2k (individual) will be hit with the tax. On my W-2's last year, the fair market value of my individual plan was roughly $4,200. </p><p></p><p>A tax payer would only be taxed on the amount exceeding $27.5k/$10.2k albeit at the 40% excise rate. Not the end of the world as many think but still another raw deal from the Democratic Party for labor.</p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 1226083, member: 42270"] Union plans will be exempt -- along with all other Cadillac plans -- through 2018. Only plans with a value above $27.5k (family) or $10.2k (individual) will be hit with the tax. On my W-2's last year, the fair market value of my individual plan was roughly $4,200. A tax payer would only be taxed on the amount exceeding $27.5k/$10.2k albeit at the 40% excise rate. Not the end of the world as many think but still another raw deal from the Democratic Party for labor. [/QUOTE]
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