On Dec. 20, 2019, President Trump signed into law a spending bill that prevents a government shutdown and repeals the following three taxes and fees under the Affordable Care Act (ACA):

  • the Cadillac tax on high-cost group health coverage, beginning in 2020;
  • the medical devices excise tax, beginning in 2020; and
  • the health insurance providers fee, beginning in 2021.

The law also extends PCORI fees to fiscal years 2020-2029.

Action Steps 

Employers should be aware of the evolving applicability of existing ACA taxes and fees so they know how the ACA affects their bottom lines. We will continue to keep you informed of changes.

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The content above is provided by Zywave, a company committed to providing educational resources to the insurance and risk management industry. Content and material included herein is intended to reflect North Risk Partners’ service offerings and knowledge within the insurance and risk management industry. Zywave does not represent North Risk Partners. Content is provided strictly for editorial and informational purposes. This regulatory update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.