The Cadillac Tax is a 40% excise tax on employers that provide high-cost insurance benefits to employees. As part of the Affordable Care Act (ACA), it was designed to reduce health care costs by encouraging employers to offer cost-effective coverage. Originally set to become effective in 2018, the effective date has been pushed back to 2022. Click here for an info-graphic with additional details.
What People Are Saying
“We have been very satisfied with the services and staff at Benefit Design Services. They started as our 401k plan administrators 10 years ago. Because of the trust developed and the professional way they handle situations, we have added Healthcare, Dental, Life Insurance and Short and Long term disability products. We would recommend them to any business.”
Sara Horning-Barbera, Benefits Administrator