What is the Cadillac tax? Q.What is the Cadillac tax? A.Employer-sponsored health benefits whose value exceeds legally specified thresholds will be subject to a 40 percent excise tax, starting in 2020. The so-called “Cadillac tax” will be levied on insurance companies, but the burden will likely fall on workers. The tax will effectively limit the tax preference for employer-sponsored health insurance. Read more about What is the Cadillac tax?
What tax provisions subsidize the cost of health care? Q.What tax provisions subsidize the cost of health care? A.A host of tax preferences for health care will cost the federal government roughly $250 billion in revenue in 2015. The largest is the exclusion from taxable income of employer contributions for health insurance premiums. Read more about What tax provisions subsidize the cost of health care?
How do health savings accounts (HSAs) work? Q.How do health savings accounts (HSAs) work? A.HSAs are tax-exempt savings accounts used in conjunction with a high-deductible health insurance plan (HDHP) to pay for qualifying medical expenses. Read more about How do health savings accounts (HSAs) work?
