Cadillac Plan definition

Cadillac Plan. Taxes: the federal government plans to impose a tax on any health plan an employer offers that has a total value greater than $10,200 for single coverage or $27,500 for family coverage; the premium thresholds for such high value health plans may be modified from time to time by the federal government. To the extent the premiums for any medical plan offered by the Company exceed the government-mandated thresholds and that Plan is subject to this Cadillac Plan tax, employees who enroll in the Plan will be responsible for payments to the Company of amounts equal to the Cadillac Plan tax. These payments will be added to the employee’s premium contributions.
Sample 1
Cadillac Plan. Taxes: the federal government plans to impose a tax on any health plan an employer offers that has a total value greater than $10,200 for single coverage or $27,500 for family coverage; the premium thresholds for such high value health plans may be modified from time to time by the federal government. To the extent the premiums for any negotiated medical plan offered by the Company exceed the government-mandated thresholds and that Plan is subject to this Cadillac Plan tax, Frontier will consult with its actuaries and make design changes necessary to ensure the total value of the plan remains below the government-mandated Cadillac Plan tax thresholds for all levels of the overage (but only to the extent necessary to ensure the plan is not subject to the Cadillac Plan tax).
Sample 1

Examples of Cadillac Plan in a sentence

  • If an agreement cannot be reached by March 1, 2019, the Board reserves the right to modify the insurance plans in a reasonable manner only to the extent necessary to avoid penalty fees arising under the Cadillac Plan Excise Tax as defined below.

  • However, recommendations of the committee for plan changes to avoid the Cadillac Plan Excise Tax will be implemented to the fullest extent permitted by the Board’s insurance provider and applicable law, including the Affordable Care Act.

  • The requirements of this act, and its enforcement, shall be suspended during a state or nationally declared public health emergency.

  • If the District is projected to become subject to a tax or penalty in the nature of a Cadillac Plan Excise Tax (either directly for self-insured coverage or indirectly through an insurer for fully-insured coverage) under the Affordable Care Act for any calendar year, the Insurance Committee provided for in 3.6 will be convened to consider ways to avoid this tax.

  • If an agreement cannot be reached by March 1, 2021, the Board reserves the right to modify the insurance plans in a reasonable manner only to the extent necessary to avoid penalty fees arising under the Cadillac Plan Excise Tax as defined below.

  • The Cadillac Plan tax, which is part of the ACA, imposes a 40 percent tax on any "excess benefits" provided under employer- sponsored coverage.

  • Correspondence and electronically delivered courses are reviewed on a case-by-case basis.

  • The Daggett court addressed issues relating to an appeal from a turnover order and the enforcement of that turnover order.

  • Cadillac Tax - delayedDelayed until 2020 – Cadillac Plan tax – 40% tax if premiums are over $10,200 ($850/month) single, or$27,500 ($2292/month) for family coverage.

  • In the beginning, the plans probably would not qualify as the Cadillac Plan, but due to the escalated amount of the Cadillac Plan based on basic CPI 2% - 3% and benefits increasing from 7% - 12%, the expectation is to hit a Cadillac Plan level if you have full coverage as WC does.

Related to Cadillac Plan

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Nursing Service Plan means the plan that is developed by the registered nurse based on an Individual’s initial nursing assessment, reassessment, or updates made to a nursing assessment as a result of monitoring visits. The Nursing Service Plan must describe all licensed nursing services the Individual shall receive and be pursuant to the Individual’s Service Plan.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Service Plan means the Operating Plan and Budget appended as Schedules A and D2a of Schedule D;

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/sp.

  • Nursing program means a series of courses leading to an LPN certificate or an ADN degree provided through a Wyoming community college; or a BSN degree or a Master’s degree provided through the University of Wyoming; or, in the case of a candidate for a doctoral degree, provided through an institution offering the required nursing education courses under contract with the WICHE, or in a distance nursing education program provided through a university that is regionally accredited.

  • Forest management plan means a written plan prepared and signed by a qualified forester that prescribes measures to optimize production, utilization, regeneration, and harvest of timber. The forest management plan shall include a schedule and timetables for the various silvicultural practices used on forestlands, which shall be a maximum of 20 years in length. A forest management plan shall include all of the following:

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • Nutrient management plan means a plan developed or approved by the Department of Conservation and Recreation that requires proper storage, treatment and management of poultry waste, including dry litter, and limits accumulation of excess nutrients in soils and leaching or discharge of nutrients into state waters.

  • Integrated Development Plan means a plan formulated and approved as envisaged in Section 25 of the Municipal Systems Act 2000, as amended.

  • Medical cannabis card means the same as that term is defined in Section 26-61a-102.

  • Medical flexible spending arrangement means a benefit plan

  • North American Numbering Plan (NANP) means the numbering architecture in which every station in the NANP Area is identified by a unique ten (10)-digit address consisting of a three (3)-digit NPA code, a three (3)-digit central office code of the form NXX, and a four (4)-digit line number of the form XXXX.

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Parent Plan has the meaning set forth in Section 7.8(b).

  • Non-Administrator Ambulatory Surgical Facility means an Ambulatory Surgical Facility which does not meet the definition of an Administrator Ambulatory Surgical Facility.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Health plan or "health benefit plan" means any policy,

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • North American Numbering Plan or "NANP" means the basic numbering plan for the Telecommunications networks located in the United States as well as Canada, Bermuda, Puerto Rico, Guam, the Commonwealth of the Xxxxxxxx Islands and certain Caribbean Islands. The NANP format is a 10-digit number that consists of a 3-digit NPA code (commonly referred to as the area code) followed by a 3-digit NXX code and 4-digit line number.

  • Soda fountain means a place especially equipped

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).