{"id":3064,"date":"2010-05-07T09:55:03","date_gmt":"2010-05-07T13:55:03","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=3064"},"modified":"2010-05-07T09:55:03","modified_gmt":"2010-05-07T13:55:03","slug":"question-of-the-week-how-does-health-care-reform-affect-the-taxation-of-children%e2%80%99s-health-insurance-coverage","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2010\/05\/question-of-the-week-how-does-health-care-reform-affect-the-taxation-of-children%e2%80%99s-health-insurance-coverage\/","title":{"rendered":"Question of the Week: How Does Health Care Reform Affect the Taxation of Children\u2019s Health Insurance Coverage?"},"content":{"rendered":"<p>This week\u2019s question comes from Kim, an HR director. We have employees who maintain coverage on their health insurance policy for children, including some children who are not dependents. We have always included the cost of this coverage in our employees\u2019 income. How does health care reform affect the taxation of children\u2019s health insurance coverage? Answer: Generally, the Affordable Care Act allows the cost of coverage for children who are under age twenty-seven at the end of the year to be tax-free to employees. Additionally, employees may make pre-tax contributions to cafeteria or \u00a7125 plans for children who will be under age twenty-seven at the end of the tax year. These benefits are available even if the child qualifies as a dependent under the tax law. The <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">Internal Revenue Service (IRS)<\/a>\u00a0recently issued <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/05\/n-10-38.pdf\" target=\"_blank\">Notice 2010-38, <em>Tax Treatment of Health Care Benefits Provided With Respect to Children Under Age 27<\/em><\/a>, to explain these changes and provide further guidance to employers, employees, health insurers and other interested taxpayers. Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> if you have further questions on <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/05\/n-10-38.pdf\" target=\"_blank\">Notice 2010-38<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week\u2019s question comes from Kim, an HR director. We have employees who maintain coverage on their health insurance policy for children, including some children who are not dependents. We have always included the cost of this coverage in our employees\u2019 income. How does health care reform affect the taxation of children\u2019s health insurance coverage? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[321,1242,1223,44],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3064"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=3064"}],"version-history":[{"count":3,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3064\/revisions"}],"predecessor-version":[{"id":3068,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3064\/revisions\/3068"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=3064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=3064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=3064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}