(from Bolton & Co.) At the start of the week, President Trump signed into law a short-term spending bill that included delays or suspensions of three taxes under the Affordable Care Act—a move that many will regard as good news.
- DELAYED – Cadillac Tax is delayed two more years until January 1, 2022.
- SUSPENDED – Health Insurance Industry Fee is suspended for 2019 which means, in theory, medical renewal trends should be down from 2018. Estimated cost impact of the Health Insurance Industry Fee was 3 to 4 percent in 2018.
- SUSPENDED – The Medical Device Tax is suspended until 2020. This tax is paid by the manufacturer or importer of a taxable medical device.
More at Bolton & Co.
Related: Owning their Health: the Brave New World of Healthcare Benefits (Nov/Dec 2017)
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