Saturday, December 26, 2009

If You Like Your Health Plan, You Will NOT Be Able to Keep It

Maybe it's not just scare tactics after all. From Jim Lindgrin at the Volokh Conspiracy: If You Like Your Health Plan, You Will NOT Be Able to Keep It (links in original)

I like my employer’s health plan. Today I learned that under both the Senate and the House bills, I won’t be able to keep my plan. Both bills require reductions in health reimbursement benefits under my plan.

Both the Senate and the House health bills slash a significant part of my employer’s health plan — the Health Flexible Spending Account — restricting them to $2500 and restricting what they can used for.

That single change in my health plan (and my wife’s) will cause our family to pay a couple thousand dollars more each year in income taxes, and yet my FSA might still cause my employer’s plan to trigger the 40% Senate tax on Cadillac plans (I don’t know enough about the full cost of our plans to know).

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