Employee Benefits Advisory: IRS/Treasury Announce Voluntary Correction Program For Operational Code § 409A Violations: Employee Benefits Advisory: Dor Issues Guidance Regarding Dependent Group Health Insurance Coverage

Mondaq Business Briefing › United States Law Articles in English (2008)

Author: Mr Mintz Levin Employee Benefits And Executive Compensation Group

Author position: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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Employee Benefits Advisory: IRS/Treasury Announce Voluntary Correction Program For Operational Code § 409A Violations: Employee Benefits Advisory: Dor Issues Guidance Regarding Dependent Group Health Insurance Coverage

In Technical Information Release 07-16 ("TIR 07-16"), the Massachusetts Department of Revenue (DOR) provided helpful guidance on "imputed income" resulting from group health insurance coverage of dependents under the expanded dependent coverage requirement of the Massachusetts health care reform act (the "Act").1

Among other things, the Act broadens the requirements imposed upon Massachusetts-licensed health insurance carriers where dependent coverage is concerned. Specifically, carriers issuing or renewing insured health benefit plans with coverage for dependents must make coverage available for persons "under 26 years of age or for 2 years after the end of the calendar year in which such persons last qualified as dependents" for federal tax p...

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