As anyone in the benefits industry well knows, implementation of the Affordable Care Acts Cadillac tax is nearly four years away. Despite the 2018 enforcement of this ACA excise tax on high-premium plans, multiple employers represented at the Americas Health Insurance Plans conference in Washington this week called it their No. 1 concern this year.
While hosting a panel Thursday on the impact of the ACA on employer-sponsored coverage, Mercers Tracy Watts said 40% of employers say theyre already making changes to their benefits in 2014 in preparation for this 2018 tax. Nearly two-thirds are concerned about the prospect of having to pay that tax, she added, noting these findings are preliminary results of a soon-to-be-released survey of about 700 employers.
