July 14, 2020

Volume X, Number 196

July 13, 2020

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Affordable Care Act Update: Cadillac Tax Delayed Two More Years

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 effected a significant number of health plans, includes those offered to union members and employees of Fortune 500 companies. Needless to say, 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 president election in 2020.  

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About this Author

Ari G. Burd, Shareholder, Giordano Law Firm, Labor & Employment, Cannabis Law, Health Care

Ari devotes his time to assisting and defending employers with regard to traditional employment issues. He frequently counsels employers for compliance with New Jersey laws and has extensive transactional and litigation experience.

Ari has litigated employment matters throughout the state, having made appearances in almost every Superior Court in New Jersey, as well as before both Federal District Courts in New Jersey and the Federal and State Courts in New York.  These actions have involved a diverse range of claims such as wrongful discharge, discrimination, harassment,...