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The Cadillac Tax is a 40 percent tax that won’t be tax deductible and that will be levied on employer-sponsored health coverage that offers high-cost benefits. The annual tax is scheduled to take effect in 2018 – although it’s not without opposition. What is the purpose of the Cadillac Tax? The Cadillac Tax has been put into place as…
The Affordable Care Act ushered in a lot of change into the healthcare industry that is affecting insurers as well as those that are purchasing the insurance. One example of this is a new stipulation under the Affordable Care Act that requires all insurers to spend a minimum of 80 percent of their premiums on…
According to a recent report by the California Healthcare Foundation, individual health insurance coverage in California has surged over the last few years, growing by 47 percent in 2014 and surpassing the coverage in the small-business market, which declined 11 percent last year. The data shows the impact that Obamacare has had on the state of California.…
Data from a new report has revealed that the California individual health insurance market has grown leaps and bounds since Obamacare went into effect last year – this shouldn’t be too big of a surprise considering the fact that individuals who chose not to purchase health insurance would be penalized by increasingly bigger fees. According to…
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