Beware Owning A Cadillac

Will the Patient Protection & Affordable Care Act (PPACA) increase your health care premiums? What about your taxes? The net effect of the PPACA depends on your income, your health conditions, your age, and a variety of other factors that are still being argued (see Will 'Obamacare' Increase Your Premiums? It Depends all members). For a small group of Americans, the effect of the PPACA will have an effect on tax rates. Specifically individuals with employer-paid, high-value health plan premiums. These plans are often referred to a “Cadillac” health plans (and the tax owed as the “Cadillac” tax . . .