Spending Resolution Affects ACA Taxes, Including Cadillac Tax

January 24, 2018 – On Jan. 22, 2018, President Donald Trump signed into law a short-term continuing spending resolution to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts three taxes and fees under the Affordable Care Act (ACA).

Specifically, the continuing resolution:

• Delays implementation of the Cadillac tax on high-cost group health coverage until 2022;

• Provides an additional one-year moratorium on the health insurance providers fee for 2019 (although the fee continues to apply 2018); and

• Extends the moratorium on the medical device excise tax for an additional two years, through 2019.

For more information, read the full compliance bulletin >

 

For questions regarding the taxes that are affected, please contact your advisor. Don’t have an advisor? No problem. We’ll help you find one.

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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.

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