MasterP said:
MasterP said:
I’m going to stick with the “I’m right until you prove me wrong with actual references and page numbers” routine.
god i hate you. lol
http://dpc.senate.gov/healthreformbill/healthbill53.pdf
PAGE 58 sec. 9001
Quote:
Sec. 9001. Excise tax on high cost employer-sponsored health coverage. Levies an excise tax of 40 percent on insurance companies and plan administrators for any health coverage plan that is above the threshold of $8,500 for single coverage and $23,000 for family coverage. The tax would apply to self-insured plans and plans sold in the group market, but not to plans sold in the individual market (except for coverage eligible for the deduction for self-employed individuals). The tax would apply to the amount of the premium in excess of the threshold. The threshold would be indexed at CPI-U plus one percentage point, and a transition rule would increase the threshold for the 17 highest cost States for the first 3 years. An additional threshold amount of $1,350 for singles and $3,000 for families is available for retired individuals age 55 and older and for plans that cover employees engaged in high risk professions. Section 10901 adds individuals who perform longshore work to the list of high-risk employees qualifying for the higher thresholds for imposing the excise tax. Clarifies that plans providing certain excepted benefits under IRC Section 9832© are not subject to the excise tax.