Effective August 1, 2013, Minnesota will allow two individuals – of the same sex or the opposite sex – to marry, with certain existing exceptions for underage persons and certain familial relationships remaining in place. Jacqueline Mrachek and Megan Hladilek sat down with KSTP-TV to explain implications …
Same-Sex Marriage in Minnesota May Impact Health Coverage
May 15, 2013 Leave a Comment
As we mentioned in our earlier post, Minnesota is moving forward on same-sex marriage. The text of the law is available here. For further details on the impact on employee benefits, including health coverage, see our recent Benefits Update Minnesota Employers Affected by Same-Sex Marriage. We will keep you …
IRS Issues Proposed Regulations on Compensation Deduction Limit for Health Insurers
April 8, 2013 Leave a Comment
The health care reform provision affecting health insurance providers limits deductions these providers may take for compensation paid for tax years beginning in 2013. The provision limits deductions for compensation paid to any individual to $500,000 annually, with the limitation applied to compensation in the …
Colorado Civil Union Act Impacts Health Coverage and Same-Sex Marriage Moves Forward in Minnesota
March 19, 2013 Leave a Comment
Colorado On March 12, 2013, the Colorado legislature passed the Colorado Civil Union Act and it is expected to be signed soon by Governor John Hickenlooper. Colorado, like many other states, recognize either same-sex marriage (most recently Maine, Maryland, Washington), domestic partnerships or civil …
Impact of New State Same-Sex Marriage Laws on State Taxation of Health Benefits
February 25, 2013 Leave a Comment
Earlier we reported that Maine, Maryland, and Washington voted to allow same-sex marriage. Now those laws are in effect and have varying state income tax implications. Each of these states have different state tax implications, but federal tax rules would continue to apply. Maine Maine’s election …
Supreme Court Cases on Same Sex Marriage Likely to Affect Benefit Plans
February 4, 2013 Leave a Comment
The U.S. Supreme Court's decision to accept two cases addressing same-sex marriage has raised questions about the potential consequences for employers, insurers, health care providers, and others. In this post, we explore the range of possible outcomes, and the effects of each. The Court accepted two cases. …