Below are some updates on the employer provisions contained in the Obamacare replacement bills introduced in Congress. Please contact your Somerset advisor at  if you have any questions.

  • Repeals the ACA’s taxes with an effective date of 2018 and beyond.
  • Repeal of the “employer mandate” penalty tax retroactive to 2016.
  • Imposes a reporting requirement on employers. However, instead of requiring employers to furnish separate Forms to employees (and to also file Forms with the IRS), the final draft requires employers to simply check-a-box on an employee’s Form W-2, signifying whether or not the employee was “offered” an employer-sponsored plan.
  • The Cadillac Tax is delayed until 2025.