State group health plan benefits trigger ‘Cadillac tax,’ DMS report shows
The benefits in the state group health plan will likely trigger $14.6 million in ย “Cadillac taxes” under the federal health-care law, an actuarial report given to the Department of Management Services and discussed by state economists on Monday shows. The majority of the tax, or $12.02 million, will be paid by the state for those enrolled in a self-insured insurance product or self-insured HMO. Capital Health Plan — the popular fully insured HMO in Tallahassee — will be on the…
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