News Latest Affordable Care Act Implementation: IRS Notice on Health Coverage for Adult Children 
Affordable Care Act Implementation: IRS Notice on Health Coverage for Adult Children |
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The Patient Protection and Affordable Care Act provides that health coverage under an employee's children under 27 years of age is now generally tax-free to the employee, effective March 30, 2010. The Internal Revenue Service announced today that these changes immediately allow employers with cafeteria plans –– plans that allow employees to choose from a menu of tax-free benefit options and cash or taxable benefits –– to permit employees to begin making pre-tax contributions to pay for this expanded benefit. Please see the press release below, the IRS notice, and the White House Blog Post for more information. National Patient Advocate Foundation commends the exemplary performance of the health plans cited herin who have elected immediately to provide coverage to young adults who qualify for new insurance protection.
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