Earlier this week, Congress voted to pass a bill that would continue to fund the government through February 8, 2018 — H.R. 195. It includes delaying the Cadillac/Excise Tax until 2022 and implementing a moratorium of the Health Insurance Tax (HIT), effective for 2019. The bill was signed by President Trump yesterday.
Additionally, the package implements a two-year delay of the Medical Device Tax and includes renewing funding over six years for the Children’s Health Insurance Program (CHIP), which lapsed at the end of September, 2017. The program provides health insurance coverage for more than 8 million children and was last reauthorized in 2015 as part of Medicare payment reform that repealed the sustainable growth rate (SGR) formula.
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