I have a great insurance policy through my employer, and I don't want it to change. But my friends at work say that the government will be taxing our plan. What's up with that?
The health care overhaul law is going to be taxing "Cadillac plans" -- high-cost coverage plans provided by some employers. The "Cadillac tax" will cap the tax-free status of health benefits starting in 2018. That's plenty of time for your company to adjust their plan to continue to provide 100% tax-free health insurance for its employees.