A major employer group has one request for the Internal Revenue Service (IRS): For the agency to do something about a health law provision that could wallop employees with high-cost health benefits.
Joe Trauger, vice president for human resources policy at the National Association of Manufacturers (NAM), asked the IRS for help with the Patient Protection and Affordable Care Act (PPACA) “Cadillac plan” excise tax provision in a comment letter. NAM sent the letter in response to an IRS call for suggestions about tax-law guidance jobs it should put on its to-do list.
The IRS received a total of 33 comment letters.
Starting in 2018, the PPACA Cadillac plan tax is supposed to impose a 40 percent tax on the issuers of expensive health benefits packages. The tax could apply to individuals with health benefits worth more than $10,200 and families with benefits worth more than $27,000.