Changes

• No additional changes

• Insurance Exchanges: States can allow larger employers – more than 100
  employees – to purchase health insurance coverage for their employees through
  state insurance exchanges. (States)

• Cadillac Plan Tax: 40% excise tax on employer provided coverage in excess of $10,200 for single coverage or $27,500 for family coverage; thresholds may be adjusted for certain plans covering women and older workers. Paid by employer if self insured, by carrier if fully insured. (All plans & insurers)

Employer Checklist

• No additional action required

• Employers > 100 employees, determine whether to purchase coverage through state Exchange

• Determine whether any plan is considered a high cost plan subject to excise tax