Continuing resolution funds federal government through February 8
On Jan. 22, Congress approved a resolution to fund the federal government through Feb. 8, 2018, and end a three-day federal government shutdown.
The continuing resolution includes the following changes to these Affordable Care Act taxes:
Federal insurance premium tax suspended in 2019
Cadillac tax delayed two additional years to 2022
Medical device tax suspended in 2018 and 2019
The continuing resolution also reauthorizes funding for the Children’s Health Insurance Program, or CHIP, for six years (fiscal years 2018 through 2023).
CHIP, administered by U.S. Department of Health and Human Services, provides matching funds for states to provide low-cost health insurance to children whose family income level is too high to qualify for Medicaid.
We’ll continue to monitor events and activities about health care reform and keep you informed.
The information in this document is not intended to impart legal advice upon which you may rely. Rather, it is intended as an educational tool only and does not replace a more rigorous review of changes to the law or consultation with your own legal counsel. The federal government will continue to issue guidance on how any changes to national health reform should be interpreted and applied. The impact of these reforms on individual situations may vary.