Approval by Congress for Delays to Cadillac Tax and Health Insurance Tax

Congress approved delaying the 40 percent “Cadillac Tax” until 2022 and the implementation of a moratorium of the Health Insurance Tax (HIT) effective for 2019. The provisions were part of the stopgap funding bill (H.R. 195) that Congress passed and President Donald Trump signed into law on January 22. A two-year delay on the medical device tax was also implemented.

The package also includes renewing funding over six years for the Children’s Health Insurance Program (CHIP), which lapsed at the end of September.

As a supporter of NAHU, Cornerstone recognizes its efforts in advocating for Congress to include further delays or permanent repeals of the Cadillac Tax and the Health Insurance Tax both today and as a leading advocate for earlier delays in 2015.

Questions? Contact your Cornerstone representative today.

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 Who is the National Association of Health Underwriters (NAHU)?

NAHU is the only professional agent organization that represents agents and brokers who work with Medicare products and Medicare beneficiaries. Their strong relationships on Capitol Hill and growing influence with the Center for Medicare and Medicaid Services (CMS) should make NAHU your valued choice for professional development and advocacy.

 NAHU has a long history of working on Medicare issues. In 2002, NAHU joined in lobbying for a drug benefit and for a new program that would allow private insurance plans to include a separate drug plan to offer benefits to Medicare beneficiaries. After over a year of intense lobbying, the White House invited Janet Trautwein and John Greene to attend the bill signing of the Medicare Modernization Act. As Medicare Part D began the implementation process, NAHU was involved from the beginning, with prescription drug discount cards added to the current program today. NAHU was recognized during a special White House ceremony for extraordinary efforts in enrolling Medicare beneficiaries in Part D.

 

Why be a member of NAHU?

Today, Medicare remains a complex program touching private insurance and government programs alike. It is important that you stay up to date on the issues and regulations, and NAHU is a tremendous resource. 

 

Cornerstone Added Value

Cornerstone has recently accepted an invitation to be a part of NAHU’s Medicare Principals Council, which is specifically comprised of the most senior executives in this type of organization. Members of this group interact with peers at their practice level from around the country.

Taxing Employer-Funded Health Insurance Would be a Disaster

Newsweek recently released an article written by Janet Trautwein of NAHU that outlines the intent of legislators and policymakers to end the “employer exclusion,” which exempts employer-sponsored health benefits from income and payroll taxes. The article uncovers the detriment of that decision and its effect on rising healthcare costs and employer-sponsored benefits.

Click here to view the article.

 

Of note, Cornerstone is now part of the NAHU advisory board for Medicare.