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The Wagner Law Group

The Wagner Law Group is a nationally recognized practice in the areas of ERISA and employee benefits, estate planning, employment, labor and human resources and investment management.

 

Established in 1996, The Wagner Law Group is dedicated to the highest standards of integrity, excellence and thought leadership and is considered to be amongst the nation's premier ERISA and employee benefits law firms. The firm has seven offices across the country, providing unparalleled legal advice to its clients, including large, small and nonprofit corporations as well as individuals and government entities worldwide. The Wagner Law Group's 31 attorneys, senior benefits consultant and four paralegals combine many years of experience in their fields of practice with a variety of backgrounds. Seven of the attorneys are AV-rated by Martindale-Hubbell and six are Fellows of the American College of Employee Benefits Counsel, an invitation-only organization of nationally recognized employee benefits lawyers.  Seven of the firm's attorneys have been named to the prestigious Super Lawyers list for 2017, which highlights outstanding lawyers based on a rigorous selection process.

 

 

 

Contact Info

The Wagner Law Group

 

  Integrity | Excellence

  

Boston 

Tel: (617) 357-5200 

Fax: (617) 357-5250 

99 Summer Street 

13th Floor

Boston, MA 02110

 

Washington, D.C.

Tel: (202) 969-2800

 

Fax: (202) 969-2568

 800 Connecticut Avenue, N.W.

Suite 810

Washington, D.C. 20006

 

Chicago

Tel: (847) 990-9034

Fax: (847) 557-1312

190 South LaSalle Street

Suite 2100

Chicago, IL 60603

 

  

Palm Beach Gardens 

Tel: (561) 293-3590
Fax: (561) 293-3591
7108 Fairway Drive
Suite 125
Palm Beach Gardens, FL 33418

   

Tampa

Tel: (813) 603-2959

Fax: (813) 603-2961

101 East Kennedy Boulevard

Suite 2140
Tampa, FL  33602 

  

San Francisco

Tel: (415) 625-0002

Fax: (415) 358-8300

300 Montgomery Street

Suite 600

San Francisco, CA 94104

  

St. Louis

Tel: (314) 236-0065

Fax: (314) 236-5743
25 W. Moody Avenue
St. Louis, MO  63119 

 

 

www.wagnerlawgroup.com

 

 

 

 

  Congress' Spending Bill Delays Certain ACA Taxes and

Extends CHIP

January 31, 2018

 

 

 

On January 22, 2018, President Trump signed into law a short-term spending bill (i.e., a "continuing resolution") that reopened and refunded the federal government for three weeks (i.e., until February 8, 2018).  The legislation includes a delay of three taxes under the Affordable Care Act ("ACA") and a six-year extension of the Children's Health Insurance Program ("CHIP"). 


Highlights from the legislation regarding the ACA and CHIP include:


ACA Tax Delays

 

  • Cadillac Tax: Implementation of the Cadillac Tax is delayed for two additional years, with a new effective date of January 1, 2022.  The Cadillac Tax imposes a 40 percent excise tax on group health plans that have a value in excess of certain thresholds.  Originally enacted with a 2018 effective date, the thresholds were (initially) $10,200 for self-only and $27,500 for family coverage.  The tax has since been delayed twice, and the thresholds will be updated prior to the new effective date.
  • Health Insurance Industry Fee:  The Health Insurance Industry Fee (also known as the Health Insurer Tax) has been suspended for 2019.  This fee only affects insured health plans and is paid by insurers.  The fee is part of the insurance premium and, therefore, tax deductible for employers. 
  • Medical Device Tax:  The Medical Device Tax is suspended for 2018 and 2019.  This delays the excise tax (i.e., 2.3 percent) on the sale of certain medical devices by the manufacturer or importer of the device.

CHIP Extension 

 

The six-year funding extension provides stable funding for states to continue their CHIP coverage. In sum, it:

  • Provides federal funding for CHIP for six years (i.e., from 2018 through 2023).
  • Continues the 23 percentage point enhanced federal match rate for CHIP that was established by the ACA, but reduces the federal match rate to the regular CHIP rate over time.
  • Extends the requirement for states to maintain for coverage for children from 2019 through 2023.  After October 1, 2019, the requirement is limited to children in families with incomes at or below 300% Federal Poverty Level.
     

 

 

 

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This Newsletter is provided for information purposes by The Wagner Law Group to clients and others who may be interested in the subject matter, and may not be relied upon as specific legal advice.  This material is not to be construed as legal advice or legal opinions on specific facts. Under the Rules of the Supreme Judicial Court of Massachusetts, this material may be considered advertising.