The amendment would make various changes to the excise tax on high cost insurance. No change would be made to the



Similar documents
Answers about. Health Care REFORM. for your business

Advisory. The Health Care Reform Bill: How Will Its Tax Provisions Impact You and Your Business? April Impact on Employers

How To Pass The Health Care Bill

ABC Company 123 Main Street Anywhere, USA

The Patient Protection and Affordable Care Act. Implementation Timeline

Patient Protection and Affordable Care Act (H.R. 3590)

The Tax Consequences of ObamaCare

TAX CHANGES IN THE HEALTHCARE REFORM ACT

FAQ New Health Insurance Law

Tax Practice Group. Business Tax Provisions of the Health Care Reform Act. May 2010

Selected Employer Provisions in the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010

Health Reform. Presented by USI Affinity

Congress of tbe Hniteb atate$

What an employer should know about Health Care Reform

HEALTH CARE REFORM INFORMATION FOR BUSINESSES March 2013

Health care reform at-a-glance. December 2013

Public comments on these options will be due May 26, 2009 to the following address:

Timeline of New Health Care Law and Its Impact on American Businesses

WHAT HEALTH CARE REFORM

Health Care Reform and Tax Implications

American employers need prompt action on these six significant challenges. We urge Congress and the administration to address them now.

Implementation Timeline Reflecting the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act

Health-Related Revenue Provisions in the Patient Protection and Affordable Care Act (P.L )

Health Care Reform How it Will Affect Employers and their Group Health Plans. Benecon Comments and Observations

Tax Implications of Health Care Reform

Overview of Tax Aspects of Select Health Care Reform Proposals

Important Effective Dates for Employers and Health Plans

Important Effective Dates for Employers and Health Plans

Health Law Update: Health Savings Account Provisions in the Medicare Prescription Drug Improvement and Modernization Act of 2003

National Health Insurance Reform

Health Savings Accounts

Health care reform is once again

Key Provisions of 2010 Healthcare Reform Legislation for Small (under 50) Employers. By Alice Eastman Helle. October 2013 Update

Important Effective Dates for Employers and Health Plans

Health Reform. Employer Penalty Delay: What are the Consequences? Impact of the Delay on Employers

Chart: Key employer health care reform elements

Health Reform. Senate Leadership Bill Patient Protection and Affordable Care Act (H.R. 3590)

Health care reform at-a-glance. August 2014

HEALTH CARE REFORM CHECKLIST

Health Care Implementation Timeline

Health-Care Reform. Begley Insurance Group, Inc. Mary Angelo 5225 Old Orchard Rd. Skokie, IL

Prescribed Side Effects of the Patient Protection and Affordable Care Act (PPACA): Healthcare Reform Update

Decreasing Costs. Employee Benefits Tax. Medical Device Excise Tax. What It Is

Health Care Reform Checklist: Provisions, Obstacles and Solutions

I don t have health insurance, can I get an HSA? Unfortunately, you cannot establish and contribute to an HSA unless you have coverage under a HDHP.

InSight. A Littler Mendelson Report. Health Care Reform: Are You Prepared? A Timeline for Employers to Follow

Employer s guide to health care reform requirements

The Income Tax Effects of Health Care Reform on Small Businesses and Real Estate Investors

Summary of the Major Provisions in the Patient Protection and Affordable Health Care Act

Health Savings Accounts

Health Care Reform Impacts Grandfathered Employer-Sponsored Group Health Plans: Now What?

HEALTH REFORM AND MULTIEMPLOYER PLAN COVERAGE 2014 AND BEYOND

Your guide to health care reform provisions

Health Care Reform: Answers for Employers

HEALTH CARE REFORM FOR BUSINESSES

Health Care Reform: 2015 Refresher of the Affordable Care Act (ACA)

Simple answers to health reform s complex issues facing every employer, and what you can do now to protect your business and your future.

IRS Issues Guidance on Mandatory Form W-2 Informational Reporting of Employer-Sponsored Health Coverage

IRS Notice : A Grab Bag of ACA, HRA and FSA Guidance

Senate HELP Committee Affordable Health Choices Act (S. 1679) June 9, 2009 (passed by Committee July 15, 2009)

The Patient Protection and Affordable Care Act

Health Care Reform Frequently Asked Questions

Health savings account Q&As

Introduction. Affordable Care Act Overview of Changes

The Impact on Business

Health Care Law Implementation: What Nonprofits Need to Know WELCOME!

CONTROLLERS CONFERENCE. for the Construction & Real Estate Industry

Christy Tinnes, Brigen Winters and Christine Keller, Groom Law Group, Chartered

Health Care Reform Frequently Asked Questions

Health care reform for large businesses

The Honorable Orrin G. Hatch, Chairman The Honorable Paul Ryan, Chairman

Affordable Care Act Provisions Affecting Employers 2013 and Beyond. Medicare Tax on Investment Income

: What You Need To Know About The Affordable Care Act

High Cost Insurance Plans Excise Tax

Health Care Timeline by Subject

Baucus Framework Senate HELP Bill House Tri-Committee Bill President Obama

SBAM Guide. To the New Health Care Reform Law. for Michigan s Small Business Community

Frequently Asked Questions

The Impact of Reinsurance on Group Health Plans

How To Get Rid Of The Health Insurance Mandate In The United States

TITLE I QUALIFIED ABLE PROGRAMS

HR 3200, AMERICA S AFFORDABLE HEALTH CHOICES ACT FREQUENTLY ASKED QUESTIONS

Health Reimbursement Arrangements

CONSUMER-DIRECTED MODEL COMPARISON HSAs, VEBA Plan, and HRAs

Health Savings Accounts

TITLE IX REVENUE PROVISIONS Subtitle A Revenue Offset Provisions

Health Care Reform Management Alert Series Roadmap of Plan Changes Needed For Upcoming Plan Years

Keeping up with the new health care reform law. Helping you better understand what to expect and when to expect it. anthem.com/ca 14376CAEENABC 8/10

Health Insurance Reform at a Glance Implementation Timeline

INTRODUCTION. Penalties waived until 6/30/15? Description of Payment/Reimbursement Arrangement: Employer with 50 or more FTEs

Health Care Reform Implications for Employers with Seasonal Employees

Kansas Health Policy Forums

Health Care Reform. Employer Action Overview

The following ECFA guide discusses some important aspects of the law and penalties that will be in effect on or before 06/30/2105.

Notice I. PURPOSE AND OVERVIEW

Navigating the New Health Insurance Environment

Health Care Reform Overview

Health Insurance Reform Outlook

July 2, Honorable Edward M. Kennedy Chairman Committee on Health, Education, Labor, and Pensions United States Senate Washington, DC 20510

Transcription:

Committee Number Senator Summary Offset Rockefeller/ Kerry/ Schumer/ Menendez Exempt workers in high-risk professions from the excise tax on 465 F1 high cost insurance capping itemized deductions at 35 percent Rockefeller 466 F2 Eliminate health savings accounts (HSAs) revenue raiser 467 Conrad F1 Tribal Health Care Tax treatment codification TBD 468 Bingaman F1 Clarifies that "free rider penalty" is calculated as the adverage penalty within a state or region Budget neutral Kerry/ Rockefeller/ Schumer/ Stabenow/ Cantwell/ Menendez 469 F1 The amendment would make various changes to the excise tax on high cost insurance. No change would be made to the transition relief. closing corporate tax loopholes 470 Kerry/ Snowe/ Cantwell F2 471 Kerry F3 The amendment would make various changes to the excise tax on high cost insurance. No changes would be made to the transition relief. The amendment would make various changes to the excise tax on high cost insurance. No change would be made to the transition relief. provided when the amendment is offered capping itemized deductions at 35 percent 472 Lincoln F1 Executive compensation limits on health insurance providers revenue raiser 473 Schumer F1 Increase FSA contributions limit to $3,000 Offset will be determined when the amendment is offered for consideration

Schumer/ Kerry/ Cantwell/ Menendez 474 F2 Tax equity for Domestic Partners Offset will be determined when the amendment is offered for consideration 475 Stabenow F1 Exempt plans that cover retirees fro mthe excise tax on high cost insurnace Extending Medicaid price discounts to drugs consumed by dual-eligible populations in Medicare programs. Insurers would continue to negotiate prices on behalf of the other beneficiaries who enroll in their plans 476 Cantwell F1 477 Cantwell F2 478 Nelson F1 479 Menendez F1 480 Carper FI 481 Carper F2 482 Carper F3 Equalize the tax treatment of Health Reimbursement Arrangements (HRA) established by all government employers Clarify that tax-exempt bonds can be used for fixed-wing air ambulances Increase threasholds for the excise tax on high cost insruance plans for empoyer-sponsored retiree health coverage Create a credit that would encourage investments in new therapies to prevent, diagnose, and treat acute and chronic disease Replace the excise tax on high cost insurance with a medical inflation cap Eliminate the excise tax on high cost insurance and enact a high limit on the value of excludable employer-provided health premiums and a 35 percent limit on itemized deductions Eliminate the excise tax on high cost insurance and enact a limit on the value of excludable high-cost employer-provided health premiums amendment includes offsets sufficient to ensure that the amendment is revenue neutral amendment includes offsets sufficient to ensure that the amendment is revenue neutral the revenue offset is closing corporate tax loopholes increase annual fees on health insurance providers to offset increase in spending revenue neutral revenue neutral revenue neutral

483 Grassley F1 Strike fee on health insurance providers 484 Grassley F2 Strike fee on medical device manufatures 485 Grassley F3 Strike fee on clinical labratories 486 Grassley F4 Strike fee on manufactures and importers of branded drugs Fail-safe mechanisms to ensure health care reform does not 487 Grassley F5 increase the budget deficit corresponding reduction in unspent and unallocated mandatory spending that falls within Finance Committee jurisdiction from the American Recovery and Reinvestment Act of 2009 corresponding reduction in unspent and unallocated mandatory spending that falls within Finance Committee jurisdiction from the American Recovery and Reinvestment Act of 2009 corresponding reduction in unspent and unallocated mandatory spending that falls within Finance Committee jurisdiction from the American Recovery and Reinvestment Act of 2009 corresponding reduction in unspent and unallocated mandatory spending that falls within Finance Committee jurisdiction from the American Recovery and Reinvestment Act of 2009 488 Grassley F6 489 Grassley F7 Maintains that retiree prescription drug plan substidies are excludable from the plan sponsor's gross income for income tax and AMT Clarifying IRS governance reporting requirements for tax-exempt organizations applying 5 year waiting period for legal immigrants as the basis for determining eligibility for health insurance tax credits proposed in the negligible revenue effect 490 Grassley F8 Remove the safe harbor available to tax-exempt organizations with respcet to reasonable compensation of executives 491 Hatch F1 Exempt middle-income families from tax increases in the bill expected to raise revenue

492 Hatch F2 Allow small business tax credits for those purchasing insurance outside the state insurance exchange 493 Hatch F3 Exclude Health Flexible Spending Accounts (FSAs) from the aggregate amount of health insurance for purpose of the excise tax on high cost health insurance plans Remove the employee portion of insurance premiums from inclusion in the total amount of insurance subject to the excise tax on high cost insurance 494 Hatch F4 495 Hatch F5 Strike transition relief for excise tax on high cost health insurance Make the transition relief for excise tax on high cost health insurance plans contingent upon GAO study concluding that the relief is fairly apportioned among the states under the16th 496 Hatch F6 amendment 497 Hatch F7 498 Hatch F8 Add transition relief for the excise tax on high cost insurance plans for any State with a name the begins with the letter "U" Allow the excise tax payments on high cost health insurance to be deductible for income tax purposes 499 Hatch F9 Strike cap on FSAs Strike the provision to conform the definition of medical expenses for the Health FSAs to that of the itemized deductions 500 Hatch F10 for medical expenses 501 Hatch F11 502 Hatch F 12 Conform the definition of medical expenses for purposes for itemized deduction for medical expenses to that for Health FSAs Strike the increased penalty for non-qualified distributions from a health saving account 503 Hatch F13 Make the corporate information reporting requirement applicable only to health care related payments

504 Hatch F14 505 Hatch F15 506 Hatch F16 507 Hatch F17 508 Hatch F18 509 Hatch F19 510 Hatch F20 Strike the annual fee on manufactures and importers of medical devices Provide that the annual fees assessed on the four health industry segments are deductible for U.S. income tax purposes Provide that the annual fees assessed on the four health industry segments apply only to the extent that the companies in the industry segments have income in excess of ten times the amount of the assessed fee for each year the fee is assessed Provide that the annual fees on the four health industry segments not take effect until GAO has certified that no portion of the annual fee is likely to be passed on to consumers of the products manufactured or imported by the companies on which the tax is levied Provide that the annual fee on manufactures and importers of medical devices, health insurance providers, and clinical laboratories are assessed under the same terms the Chairman's Mark provides for the annual fees on the manufactures and importers of branded drugs Provide that not more than one of the four annual fees on the various health care industry segments can be assessed on the a single company in any taxable year Exemption of annual fee for manufactures and importers of medical devices that furnish products that are used to combat H1N1 Prohibits authorized or appropriated federal funds under the 511 Hatch F21 Mark from being distributed to or used by ACORN not applicable 512 Hatch F22 Surcharge on attorney's fees for malpractice lawsuits not applicable

513 Snowe F1 Provides a higher threshold for the excise tax on the high cost insurance for those over the age of 55 and increase the inflation adjustment of the threshold for plans offset will be provided at markup 514 Snowe F2 Market basket productivity adjustment revenue neutral 515 Snowe F3 Increase the $2,000 contribution cap on FSA to the $3,000 and implement this cap starting 2011, index the cap for inflation TBD by JCT, but intended to be revenue neutral 516 Snowe F4 Reduce individual mandate penalty No score available, offset to be provided at latter date No formal score available. Offset will be provided at a 517 Snowe F5 Replace individual mandate with a defined minimum contribution later date Makes the prompt pay requirement for hospitals and nursing 518 Snowe F6 homes permanent 519 Snowe F7 Allows small business owners to participate in SIMPLE cafeteria plan offset to be provided 520 Snowe F8 Express sense of the Senate that budget points of order should not be waived on amendments to a health care reform bill signed into law none 521 Snowe F9 Exclude HIPPA-excepted benefits form the excise tax on high cost plans revenue estimate for provision unavailable, offset to be provided at markup 522 Kyl F1 Eliminate all industry fees tie tax credit to the lowest cost bronze plan 523 Kyl F2 Eliminate pharmaceutical fee tie tax credit to the lowest cost bronze plan 524 Kyl F3 Eliminate device fee tie tax credit to the lowest cost bronze plan 525 Kyl F4 Eliminate health insurance providers' fee tie tax credit to the lowest cost bronze plan 526 Kyl F5 Eliminate clinical lab fee tie tax credit to the lowest cost bronze plan 527 Kyl F6 Eliminate flexible spending account cap tie tax credit to the lowest cost bronze plan

528 Kyl F7 Eliminate 35% excise tax on Health Coverage tie tax credit to the lowest cost bronze plan 529 Kyl F8 Expand the deduction for catastrophic medical expenses tie tax credit to the lowest cost bronze plan 530 Bunning F1 Sunset tax increases in the mark on 12/31/19 531 Bunning F2 Sunset tax increases in the mark that increase the out-of-pocket health care costs for Americans or cause employers to invade the privacy of their workers 532 Bunning F3 533 Bunning F4 534 535 536 Crapo/ Roberts F1 Roberts/ Hatch F1 Roberts/ Hatch F2 Conform the definition of medical expenses so that over the counter medical products qualify as medical expences Prevent any taxes or fees in Title VI of the Mark from going inot effect until the Secretary of U.S. Department of Veterans Affairs certifies that none of the provisions will increase the cost of medical care provided to veterans No fee, tax, or penalty in this legislation can be applied to any individual earning less than $200,000 per year or any couple earning less than $250,000 per year Makes changes to the FSA rules Exludes FSAs, HRAs, HSAs, dental, vision and other supplemental plans form threshold amount for exsice tax on high cost insruance policies delaying the effective date of the mandate that states expand Medicaid coverage corresponding reduction in mandatory outlays in the to be provided proportionate reduction in spending needed in spending in the proportionate reduction in spending needed in spending in the 537 Roberts F3 Increases cap on FSAs to $5,000 and index for inflation Strike provisons that prohibits cost of over-the-counter medicine form being reimbursed trough a health FSA, HRA, HAS or Archer 538 Roberts F4 MSA proportionate reduction in spending needed in spending in the proportionate reduction in spending needed in spending in the

539 Roberts F5 Preventing tax increase on the middle class tax payers proportionate reduction in spending needed in spending in the 540 Ensign F1 541 Ensign F2 542 Ensign F3 543 Ensign F4 544 Ensign F5 Strike the provision in the Chairman's bill that caps Flexible Spending Accounts Exempt individuals making less than $200,000 per year and familes making less than $250,000 per year from individuals penalty for failure to have health insurance Limit any tax, fee, or penalty in the bill to individuals making more than $200,000 per year and familes making $250,000 per year Strike the word "fee" everywhere it appears in the bill and replace with the word "tax" Exempt small businesses that employ up to 100 employees form all new taxes, fees, or penalties in the bill proportionate decrease in certain spending provisions in the Chairman's bill except for Medicare spending not scored: proportionate decrease in certain spending provisions in the Chairman's bill except for Medicare spending not scored: proportionate decrease in certain spending provisions in the Chairman's bill except for Medicare spending amendment has no cost proportionate decrease in certain spending provisions in the Chairman's bill except for Medicare spending 545 Ensign F6 Change the index of the high cost insurance in the Chairman's' bill to CPI-medical proportionate decrease in certain spending provisions in the Chairman's bill except for Medicare spending 546 Ensign F7 Ensure the high cost of insurance tax shall apply to FEHB plans of Members of Congress and staff, the President of the United States, all Administration Czars, and other federal employees proportionate decrease in certain spending provisions in the Chairman's bill except for Medicare spending 547 Ensign F8 548 Enzi F1 Strike the provision in the Chairman's bill that raises the penalty on non-qualified medical expenses withdrawals from HSA's to be derived from proportionate decrease in certain spending provisions in the Chairman's bill except for Medicare spending reduce subsidies to make amendment budget neutral Change the cap on FSAs to $3,000, index to CPI, and create a cashout provision with subsidies awarded to individuals earning 400% of poverty

549 Enzi F2 Protecting patient access to life saving medial equipment reduce subsidies to make amendment budget neutral with subsidies awarded to individuals earning 400% of poverty 550 Enzi F3 Exempt products sold to Medicare beneficiaries and veterans from the excise tax on medical devices reduce subsidies to make amendment budget neutral with subsidies awarded to individuals earning 400% of poverty 551 Cornyn F1 Strike clinical laboratires fee offsets to be provided at mark-up 552 Cornyn F2 Protecting patient from higher health costs - strikes medical device manufatrures fee offsets to be provided at mark-up 553 Cornyn F3 Protecting patients from higher health costs - strike health insurance providers fee offsets to be provided at mark-up Cornyn/ 554 Roberts F4 Strike $2000 cap on fsa offsets to be provided at mark-up 555 Cornyn F5 556 Cornyn F6 557 Cornyn F7 558 Cornyn F8 559 Cornyn F9 560 Cornyn F10 561 Cornyn F11 562 Cornyn F12 Protecting small businesses from higher costs - certify no provison will impose additional costs on small business Protecting patients from higher health costs - certify that fees won't be passed on Protecting patients from higher health costs - certify that health insurance fee won't be passed on to consumers Protecting patients from higher health costs - certify pharmicutical fee won't be passed Protecting patients from higher health costs - certify that medcial device fee won't be passed on Protecting patients from higher health costs - certify clinical lab won't be passed on No spending on new federal entitlements under this act until the national debt is under $12 trillian Reducing health care costs for American Families - certify the will reduce health core costs by $2,500 for every family not necessary not necessary

New charitable hospital requirements do not apply to hospitals in 563 Cornyn F13 states that have passed certain community benefit laws offsets to be provided at mark-up 564 Cornyn F14 reducing health care costs not necessary