As a benefits professional, you’ve likely noticed that the special tax treatment of employer-sponsored health plans (aka Section 125) is in big trouble. Scaling back the ability of employees to reduce their taxable income to pay for medical, dental and vision premiums seems to be something that many leaders in our federal government, including Speaker Paul Ryan and Health and Human Services Secretary Tom Price, actually agree upon. And if the eyes of Capitol Hill staffers are a harbinger of what happens next, Council of Insurance Agents & Brokers representative Joel Kopperud’s quote in his recent essay, Balancing Act, might increase our uneasiness:
Every time I raise the [Section 125] issue with a staffer on Capitol Hill, I’m met with a look of angst and concern. It is one of the most frequently considered expenditures to subsidizing lower tax rates.
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