Is it possible that the Cadillac Tax will be a major health spending cost ‘deflator’?
Given that Health Care Reform has meant sweeping changes for employer-sponsored healthcare and numerous updates as result of clarifications by the IRS, DOL and HHS on portions of the law that were ambiguous or inconsistent, we have seen on-the-spot modifications as legislators attempt to address some of the unreasonable or impractical implications of the law that are becoming more apparent as employers and individuals attempt to conform.
We will continue to provide you with information about these changes and how these changes will impact your employee benefits practices, plan offerings, rates and other compliance requirements. This newsletter is provided on a monthly basis to avoid the overwhelming amount and frequency of Health Care Reform updates through many news sources as well as the often innacurate interpretations of the law. Legislative changes that have immediate impact on clients will be shared as soon as that information is available and clarified. We will contact clients directly to explain those changes and provide guidance on how to respond.
We look forward to continuing as your trusted source of consultation on this complex law and modeling its impacts on your business and your employees. With our guidance, we hope the Patient Protection and Affordable Care Act (PPACA) is easier to understand and easier to respond to in a way that allows you to maintain a successful business and provide tools that help you to attract and retain great employees.
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