Employers adjust for impact of health reform tax


Workers will see less health care coverage for more money.

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Workers will see less health care coverage for more money.

Millions of employees are learning this month about changes in their employer-sponsored health coverage for 2015. Some of the adjustments are likely to stem from the looming tax, which will hit plans valued at more than $10,200 for individual coverage and $27,500 for families. Nearly half of employers with 5,000 or more workers will trigger this tax in 2018, according to the benefits firm Towers Watson. They’ll find a bill that amounts to 40 percent of the total value of coverage that exceeds those thresholds.

And this is not a one-year concern. The thresholds rise over time, but they are expected to grow more slowly than health care costs. That means that more companies are expected to trigger the tax after 2018.
Read more at the Register-Guard