Reply #4: Good reference materials on Health Care

[James48]

Take a look at this site:

http://healthreform.kff.org/

and especially the timeline here:

http://www.kff.org/healthreform/8060.cfm

You asked "What do you mean High Cost plans, and what is an excise tax for?"

High cost means a family plan that costs over $27,500 in January of 2108. Those plans that cost more than that, on that date, will be subject to an excise tax on the excess.

The purpose of the excise tax is to provide an incentive for expensive plans to begin to control costs, and to ensure that exorbitant plans are not given the same tax advantage and tax deductibility as normal plans. If you are going to get a $27,500 plan, that is way higher cost than most, and therefore should not be treated with the same tax benefit.