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The Cadillac Tax is NOT the Transitional Reinsurance (fee) program.
The Transitional Reinsurance program is a fee that is assessed on larger insurance companies during 2014 - 2016 to help pay for the co-ops or other smaller, some non-profit, insurance companies which get a lot of really sick people in their plans and they can't make end meet financially. The fee begins next year and continues thru 2016 in hopes that by then everything has sort of evened / balanced out in the world of insurance and clients.
The Cadillac tax is a tax paid by employers (of course probably passed along to employees) on health plans of the higher price variety - $ 10,200 individual / $ 27,500 family and usually health plans with very good benefits. This tax does not begin until 2018.
Posted by GailL1
Well Gail, I guess that I never had the Cadilac insurance. It must have been for individuals with a lot more standing that I ever had, although I held Managerial positions in big corporations for years. But, alas, never was a CEO or member of a board.