Public employers are starting to get a clearer idea of what the dreaded Cadillac plan excise tax might look like.

Section 4980I of the Internal Revenue Code, a tax-law created by the Patient Protection and Affordable Care Act is set to impose a 40 percent tax on the "excess value" of employer-provided, high-value health benefits packages starting with taxable years beginning on or after Dec. 31, 2017.

In the first year, the tax will apply to employee-only benefits with a value over $10,200, and family benefits with a value over $27,500. The thresholds for enrollees in retiree health plans and workers in high-risk professions may be higher.

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Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.