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about the Affordable Care Act’s
CADILLAC TAX
Beginning in 2018, the Cadillac tax will apply to employer-sponsored policies with
premiums higher than $27,500 for a family or $10,200 for an individual. Anything
beyond those thresholds will generally get hit with a nondeductible 40% levy.
Tax professional standards statement
This content supports Grant Thornton LLP’s marketing of professional services and is not written tax advice directed at the
particular facts and circumstances of any person. If you are interested in the topics presented herein, we encourage you to
contact us or an independent tax professional to discuss their potential application to your particular situation. Nothing herein
shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter
addressed herein. To the extent this content may be considered to contain written tax advice, any written advice contained
in, forwarded with or attached to this content is not intended by Grant Thornton LLP to be used, and cannot be used, by any
person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL), and/
or refers to the brand under which the GTIL member firms provide audit, tax and advisory services to their clients, as the
context requires. GTIL and each of its member firms are separate legal entities and are not a worldwide partnership. GTIL
does not provide services to clients. Services are delivered by the member firms in their respective countries. GTIL and its
member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. In
the United States, visit grantthornton.com for details.
© 2015 Grant Thornton LLP  |  All rights reserved  |  U.S. member firm of Grant Thornton International Ltd
MISCONCEPTION
There’s no urgency to make changes; after all,
the tax doesn’t kick in until 2018.
REALITY CHECK
It takes time and research to strategically
plan for the tax, so waiting until the end of 2017 to
take action may be too late. Start now to identify
inefficiencies and cost drivers in the health plans
you have. Then benchmark the data to know if you
are subject to the tax, how much it will be and how
you can reduce it.
MISCONCEPTION
Employees won’t understand the tax or
the changes that will have to be made.
REALITY CHECK
Not involving employees as you seek to make
changes in response to the tax will only increase
misunderstandings and unhappiness. Act now
to create clear, concise messaging that will
engage employees throughout the process.
Need help? Contact Carl Mowery, Managing Director, Compensation
and Benefits Consulting, at +1 312 602 9147 or carl.mowery@us.gt.com.
MISCONCEPTIONS
MISCONCEPTION
The tax affects only big employers
with platinum-plated health care plans.
REALITY CHECK
Estimates are that 26% of employers
offering health plans will be hit by the tax
in 2018 if they don’t make changes. That
number will rise considerably over time.
Platinum
TAXED
Gold plan
TAXED
Silver plan
TAXED
Bronze plan
TAXED
2015 2018
??
??

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3 Misconceptions About the Affordable Care Act's Cadillac Tax

  • 1. about the Affordable Care Act’s CADILLAC TAX Beginning in 2018, the Cadillac tax will apply to employer-sponsored policies with premiums higher than $27,500 for a family or $10,200 for an individual. Anything beyond those thresholds will generally get hit with a nondeductible 40% levy. Tax professional standards statement This content supports Grant Thornton LLP’s marketing of professional services and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the topics presented herein, we encourage you to contact us or an independent tax professional to discuss their potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this content may be considered to contain written tax advice, any written advice contained in, forwarded with or attached to this content is not intended by Grant Thornton LLP to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code. “Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL), and/ or refers to the brand under which the GTIL member firms provide audit, tax and advisory services to their clients, as the context requires. GTIL and each of its member firms are separate legal entities and are not a worldwide partnership. GTIL does not provide services to clients. Services are delivered by the member firms in their respective countries. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. In the United States, visit grantthornton.com for details. © 2015 Grant Thornton LLP  |  All rights reserved  |  U.S. member firm of Grant Thornton International Ltd MISCONCEPTION There’s no urgency to make changes; after all, the tax doesn’t kick in until 2018. REALITY CHECK It takes time and research to strategically plan for the tax, so waiting until the end of 2017 to take action may be too late. Start now to identify inefficiencies and cost drivers in the health plans you have. Then benchmark the data to know if you are subject to the tax, how much it will be and how you can reduce it. MISCONCEPTION Employees won’t understand the tax or the changes that will have to be made. REALITY CHECK Not involving employees as you seek to make changes in response to the tax will only increase misunderstandings and unhappiness. Act now to create clear, concise messaging that will engage employees throughout the process. Need help? Contact Carl Mowery, Managing Director, Compensation and Benefits Consulting, at +1 312 602 9147 or carl.mowery@us.gt.com. MISCONCEPTIONS MISCONCEPTION The tax affects only big employers with platinum-plated health care plans. REALITY CHECK Estimates are that 26% of employers offering health plans will be hit by the tax in 2018 if they don’t make changes. That number will rise considerably over time. Platinum TAXED Gold plan TAXED Silver plan TAXED Bronze plan TAXED 2015 2018 ?? ??