Lauren Mandel
In preparation for the Cadillac tax, effective in 2018, owners US companies are looking for alternatives to expensive health insurance plans. The Cadillac tax, which was originally set up to finance parts of the Affordable Care Act, is an excise tax on health plans high-cost costing more than $ 10,0 for individuals and $ 27,500 for families. The tax is 40 percent per year on the amount by which the plans sponsored by employers exceed the thresholds defined by the government. 
When the tax will come into force in 2018, it is planned to allocate as much as 38 percent of large employers and 17 percent of all US businesses, according to the Institute of Policy American health. According to a survey launched by the International Foundation of benefit plans, 62 percent of companies who face the Cadillac tax in 2018 are already taking steps to avoid it altogether. Only 2.5 percent of companies say they are willing to pay the tax.
Many companies are considering offering high-deductible health plans to avoid the tax, which would place a greater financial burden on their employees. However, a more cost effective alternative would be to drive employees to enroll through a private health insurance exchange.
Support the registration of employees through private exchanges allow business owners to avoid tax Cadillac, while offering their employees a way to get affordable health coverage. In private exchange, the market may enter GoHealth consumers in the subsidized health insurance under the Affordable Care Act and offers all the same planes as the federal government and trade. In addition, GoHealth licensed insurance agents can help consumers by addressing their health issues and guide them through the registration process.
Although the Cadillac tax could be modified or eliminated before 2018, it is important for employers to plan for the provision of the Affordable Care Act as it is currently. Offering employees coverage by private trade not only allows business owners to avoid tax Cadillac, but it also allows them to better control their costs while providing their employees with health insurance affordable option.
For more information on how to register through the market GoHealth visit GoHealthInsurance.com.
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