If an employer says they don’t have concerns about the Affordable Care Act’s looming excise tax set to go into effect in 2018, they’re probably fibbing. One in five employers with 200 or more employees say their health plans will exceed the threshold limits which begin in 2018, according to the latest report from the nonprofit Kaiser Family Foundation and the Health Research & Educational Trust.
Thirteen percent of employers offering health benefits say they have made changes to their plans to avoid reaching the excise tax thresholds, set at $27,500 for families and $10,200 for individuals, and 8% say they’ve switched to a lower-cost health plan, the research, released today, notes.
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