I gave a presentation on the excise tax at the WorldatWork conference in Dallas last week, and a reporter for Business Insurance who was on hand covered the highlights in this article. Since the ACA was passed, the excise tax on high-cost plans has been the number one concern of employers. According to a survey we did last summer, almost a third of employers made changes to their benefits in 2014 specifically to reduce the risk of triggering the tax when it goes into effect in 2018. Their strategies included implementing account-based medical plans (a.k.a., consumer-directed plans), getting rid of high-cost plans, expanding wellness programs, and even – for a few pioneering companies – moving to a private exchange.
Go to full article: businessinsurance.com