For taxable years beginning in 2018, the Affordable Care Act (ACA) imposes a 40 percent excise tax on high-costgroup health coverage. This tax, also known as the “Cadillac tax,” is intended to encourage companies tochoose lower-cost health plans for their employees.
On July 30, 2015, the Internal Revenue Service (IRS) issuedNotice 2015-52to continue the process ofdeveloping guidance to implement the Cadillac tax.This notice supplementsNotice 2015-16, issued on Feb. 23,2015.
