SHRM Supports Repeal of Cadillac Tax in House Vote

 

July 15, 2019
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WASHINGTON — The U.S. House of Representatives on Wednesday will take up H.R. 748, the Middle Class Health Benefits Tax Repeal Act of 2019. 

SHRM, the Society for Human Resource Management, has long lobbied for repeal of the Affordable Care Act's Cadillac tax, and today sent a letter to congressional leaders encouraging the bill’s passage.

Health care is consistently ranked the most important employee benefit. Repealing the Cadillac tax will provide employers the flexibility to design health care benefits to meet the needs of their specific workforce.

The 2019 SHRM Employee Benefits Survey found that, although the tax is not effective until 2022, employers are already restructuring their health care benefits to avoid it.

The survey found: 

• Preferred Provider Organization (PPO) plans continue to be the most popular health care insurance offering, with 85% of employers including a PPO option.

• However, employers are replacing traditional health plans or offering the additional choice of a high-deductible health plan. Fifty-nine percent of employers now offer a high-deductible plan linked to a health savings or spending account (HSA, HRA, FSA).

MEDIA: For more information or an interview about why SHRM is encouraging a repeal, please contact Vanessa Hill of SHRM Media Affairs at Vanessa.Hill@shrm.org. 

About the Society for Human Resource Management
SHRM, the Society for Human Resource Management, creates better workplaces where employers and employees thrive together. As the voice of all things work, workers and the workplace, SHRM is the foremost expert, convener and thought leader on issues impacting today's evolving workplaces. With 300,000+ HR and business executive members in 165 countries, SHRM impacts the lives of more than 115 million workers and families globally. Learn more at SHRM.org and on Twitter @SHRM.

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