Lockton Compliance Alert: IRS Asks for Comments on Cadillac Tax

On Monday, Feb. 23, the Department of Treasury and the Internal Revenue Service (IRS) issued a request for information (RFI) on a variety of issues related to the excise tax on high-cost employer coverage that will apply in 2018. Known as the Cadillac tax, health coverage under insured and self-funded employer plans will be subject to a 40 percent excise tax to the extent the value of the coverage provided to an employee exceeds prescribed thresholds (generally, $10,200 for single coverage and $27,500 for any other level of coverage).

Please click for the full Lockton Compliance Services Alert.

About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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