Q. One of the features of Obama’s health care plan is a 40 percent tax on “Cadillac Health Care Plans” starting in 2018. Those whose employers pay for all or most of comprehensive health care plans (costing $10,200 for an individual or $27,500 for families) will have to pay a 40 percent tax on the amount their employer pays. The 2018 start date is said to have been a gift to unions, which often have comprehensive plans.
Do federal government worker health care plans fall under this tax? If so what is the impact (financial) on us?
A. My crystal ball is broken. Even if it were functioning, it wouldn’t predict what will happen in 2018. For the time being you’ll just have to relax and try to curb your anxiety.