In response to the changes of the Affordable Care Act (Obamacare), a number of organizations have begun advertising “defined contribution health plans” for business owners who have fewer than 50 employees.
If you have seen these ads, you may be surprised to learn that there’s no such thing in the tax code as a defined contribution health plan.
The term is a marketing device that means different things depending on who is using it and for what purpose.
But the specific action you take makes a big difference. Some ... Log in to view full article.