How Does the Health Insurance Tax Impact You?
It’s big. It’s expensive. It’s burdensome. It’s the health insurance tax (HIT) – and it’s no secret that this tax will largely impact individuals and small businesses in the form of higher premiums and higher costs. Over the next 10 years this $145 billion sales tax on health insurance will leave seniors, families, and employers on the hook to cover the massive tab.
Congress suspended the tax in 2017, but here you’ll see why it’s important for millions of seniors, families, and employers that relief be extended to 2018 and beyond.