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 2022. 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?
How does the tax exclusion for employer-sponsored health insurance work? Q.How does the tax exclusion for employer-sponsored health insurance work? A.The exclusion lowers the after-tax cost of health insurance for most Americans. Read more about How does the tax exclusion for employer-sponsored health insurance work?
How do health savings accounts work? Q.How do health savings accounts work? A.HSAs are tax-exempt savings accounts used in conjunction with a high-deductible health insurance plan to pay for qualifying medical expenses. Read more about How do health savings accounts work?
