In 2020, plans that provide generous benefits (aka “Cadillac Plans”) will be unjustly subject to an excise tax of 40 percent of the value of the excess benefits (effective January 1, 2020). A “Cadillac Plan” is one whose benefits are valued at $10,200 per year per individual or $27,500 per family. This will penalize employers who do the right thing by hitting them with extraordinary high taxes on employer-provided insurance plans that offer quality coverage to their employees.

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