employee benefits

Hi there,

Here’s the second half of the excellent piece on taxes and health insurance by my colleagues Ron Barriere and Jen Green. Just in time for tax season, too.

Best,

Nancy

 

Ronald Barriere Attorney
Ronald Barriere
Jennifer Green Attorney
Jennifer Green

With most Massachusetts health insurance plans, provided he/she has not yet remarried, an employee with at least one dependent child can add a former spouse to the coverage for no additional cost, so there is no additional cost to the employer either. In these situations, one would presume that no income should be imputed to the employee because the employer is not required to pay the insurer any additional premium for the benefit of continuing coverage of a former spouse. Unfortunately, not all human resource departments share this view. Some human resource departments are deciding that the former spouse is receiving a benefit that is equal to the value of the employee’s own individual coverage and, thus, are imputing the fair market value of that coverage to the employee on his/her Form W-2.… Keep reading