NYT says the premiums are misleading. Also I didn't see anything about deductables on that site. What doctors/hospitals are available under those plans? Also, are the premium ( silver, gold) plans taxable (up to 40%) under O'bummercare. Lots of questions still to answer and I don't think the DUmmies are going to like the answers.
NYT says the premiums are misleading. Also I didn't see anything about deductables on that site. What doctors/hospitals are available under those plans? Also, are the premium ( silver, gold) plans taxable (up to 40%) under O'bummercare. Lots of questions still to answer and I don't think the DUmmies are going to like the answers.
What do you mean by taxable?
Good questions all around. Dori asked about taxable. I assume you mean that premiums are not taxed when taken from paycheck.
My understanding is that if you have employer paid insurance and it exceeds 9.5% of your income, then you will be taxed on the excess amount over 9.5%. They are called Cadillac plans. Don't know when it kicks in or if the percentage is correct.
So you get taxed if your insurance costs too much?
It's only fair (unless you're union). And besides it is the employer that gets taxed if they give their employees too good of a plan and they deserve it....Right?.
My understanding is that if you have employer paid insurance and it exceeds 9.5% of your income, then you will be taxed on the excess amount over 9.5%. They are called Cadillac plans. Don't know when it kicks in or if the percentage is correct.
And that information is available on a W2 form starting last year is it not? I seem to remember the employer contribution being mentioned before.
And that information is available on a W2 form starting last year is it not? I seem to remember the employer contribution being mentioned before.
ETA: Why yes, yes it will for further information see:
http://www.irs.gov/uac/Form-W-2-Reporting-of-Employer-Sponsored-Health-Coverage
Those friendly folk at the IRS. Yes, those same wonderful folk who often offer botched tax preparation information and say "sorry, we goofed."
My understanding is that if you have employer paid insurance and it exceeds 9.5% of your income, then you will be taxed on the excess amount over 9.5%. They are called Cadillac plans. Don't know when it kicks in or if the percentage is correct.
Under O'bummercare, gold plated plans will be taxed at up to 40% of the premium cost. That is what unions have been bitching about. I haven't been able to find out what constitutes a "gold plated" plan but, apparently unions have them.
So you get taxed if your insurance costs too much?
Found this;
Under the law, an employer or health insurer offering a plan that costs more than $10,200 for an individual and $27,500 for a family would typically pay a 40 percent excise tax on the amount exceeding the threshold.
http://www.nytimes.com/2013/05/28/business/cadillac-tax-health-insurance.html?pagewanted=all&_r=0
Gold pressed latinum.
(http://images2.wikia.nocookie.net/__cb20110323163525/memoryalpha/en/images/thumb/5/53/Latinum.jpg/180px-Latinum.jpg)
More government encouragement to not be worth a damn....not so successful....don't try to get ahead, we're from the government and we're here to keep you down.
And that information is available on a W2 form starting last year is it not? I seem to remember the employer contribution being mentioned before.
ETA: Why yes, yes it will for further information see:
http://www.irs.gov/uac/Form-W-2-Reporting-of-Employer-Sponsored-Health-Coverage
Those friendly folk at the IRS. Yes, those same wonderful folk who often offer botched tax preparation information and say "sorry, we goofed."
I can get premium info for these plans, but now plan design- deductibles, copays, etc...NONE!
One of the NY papers (NYPost I think) has an article stating no NY exchanges cover out-of-network doctors. I'm guessing other states have the same rule.
I read recently that doctors and other providers are being pressured to join networks with no idea what the reimbursement rates will be.
I read recently that doctors and other providers are being pressured to join networks with no idea what the reimbursement rates will be.