This one is going to hit hard here at Case Verde, probably sooner rather than later:
A national business group representing the nation’s large employers reported Wednesday that companies desperate to avoid a 40 percent ObamaCare “Cadillac tax” are finding ways to shift the costs to workers.
The so-called “Cadillac tax,” now four years away, will affect health plans that spend more than $10,200 per worker.
“The excise tax, when it hits in 2018, will affect both employers and employees,”said Brian Marcotte, president of the National Business Group on Health.
Henry Aaron of the Brookings Institution said, “before then, it’s expected that most of the businesses that offer that form of insurance will back off and make the insurance less generous, so the tax won’t bite.”
With two nice incomes, two healthy adults and two healthy (knock on wood) kids in our little household, it would make sense for us to give up our benefit-rich plan and switch to catastrophic coverage only. Of course, ♡bamaCare!!! outlawed that kind of thing, because Democrats know best. So rather than get hit with these new expenses, we’ll have to switch to an ♡bamaCare!!!-approved plan, which will cost about the same in terms of premiums, but pay out more like a catastrophic plan in terms of copays and deductibles.
I have instructed everyone to stay healthy.