The 40% Excise Tax On Health Care Plans May Impact You

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The 40% Excise Tax On Health Care Plans May Impact You

By The BIDaWIZ Team on July 26th, 2012 at 3:00 pm

We all know that health care reform is on its way which means that taxes will be rising. The government will be utilizing a variety of funding sources such as the 3.8% investment income tax and the 0.9% additional medicare tax directed toward high income earners. One other area that hasn't been discussed much happens to be the 40% insurer excise tax on "Cadillac" health care plans. This excise tax may impact far more than just C-Level executives with fat cat health care plans. .

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