Okay, so here's my question. Are we really going to be taxed on our health insurance benefit as if it were income?
I keep hearing rumors around town that this was one of the new taxes that was just passed as part of the $1 billion tax package. Does anyone know if this is true? The only thing I've been able to find is this article from the Statesman that mentions health care premiums.
Felt Stop Motion Breakfast by Andrea Love
3 days ago
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3 comments:
How I understand this bill is that the tax (1% of the insurance premiums) is charged against companies that sell insurance and to PEBB (state employee insurance). Will it mean anything to you personally? Assuming you have health insurance, it depends on whether or not the insurance companies pass the new tax onto their customers.
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The good thing about this "new tax" is that it benefits low income and young people that would probably lose out with the current budget reductions.
OK... That's a little scary. I sure hope that is not going to be the case. I've already taken a HUGE cut in pay this year... no bonus, no 401K match, and a salary freeze. I can't afford to pay any more in taxes on top of that. Oy!
Okay, I sincerely hope that is what it means. I am prepared for an 11% increase in my insurance price, but I didn't know how much this would add on. It doesn't sound quite as scary as the rumors sounded.
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