Concordia Health Plan and ObamaCare

"The doctor will see you now, Ben Dover."

Tuesday, August 6, 2013

Crippling Costs Related to Sky-High LCMS Seminary Tuition Loans

http://ichabodthegloryhasdeparted.blogspot.com/2013/08/crippling-costs-related-to-sky-high.html

comment:

The Concordia Health Plan is definitely a Cadillac plan that in 2018 will be excised taxed at a rate 40% on the amount over $27,000 for a family plan. The family plan means two or more persons are covered. In 2014 the CHP plan is supposed to cost $33,228 for a family. That means the excise tax would be $2,491 if the same rates apply in 2018. So the plan plus tax would cost the congregation $35,719 per year come 2018!:

Excise Tax on High-Cost Coverage (Cadillac Tax):
http://www.uhc.com/united_for_reform_resource_center/health_reform_provisions/excise_tax_on_high_cost_coverage.htm

------------

High-End Health Plans Scale Back to Avoid ‘Cadillac Tax’:
http://www.nytimes.com/2013/05/28/business/cadillac-tax-health-insurance.html?pagewanted=all

Although the tax does not start until 2018, employers say they have to start now to meet the deadline and they are doing whatever they can to bring down the cost of their plans. Under the law, an employer or health insurer offering a plan that costs more than $10,200 for an individual and $27,500 for a family would typically pay a 40 percent excise tax on the amount exceeding the threshold.