NJ Labor And Employment Law

The New Jersey Labor and Employment Law Blog is authored by Jay S. Becker and Joseph C. DeBlasio, shareholders in the Labor and Employment Law Practice Group, with support from the associates in the Group. It is dedicated to provide news and updates regarding all labor and employment matters throughout New Jersey.

ACA Update: Cadillac Tax Delayed Two More Years

December 16, 2015 | Comments Off on ACA Update: Cadillac Tax Delayed Two More Years
Posted by Ari Burd

Rumor has it the newest Congressional budget deal includes a two year delay on the so-called “Cadillac Tax.” This tax, originally set to go into effect on January 1, 2018 pursuant to the Affordable Care Act calls for a 40% excise tax on employer provided health coverage when benefits are worth more than $10,200 (individual) & $27,500 (family).  Needless to say, this tax would have affected a significant number of health plans, includes those offered to union members and employees of Fortune 500 companies.  As a result, there has been vocal opposition to this tax since it was announced.  For now, it appears that Congress has taken this criticism to heart and delayed enforcement of this tax until 2020…just in time for the next presidential election in 2020.

Category: Affordable Care Act, Cadillac Tax
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