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Financial Impact

Tax-Free Insurance Coverage of Children Bumped Up to Age 27

April 30, 2010
Many major health insurers already have said they will expand coverage to adult children ahead of the mandate unless employers object. The group includes Aetna Inc., Cigna Corp., Humana Inc., Kaiser Permanente, UnitedHealth Group Inc. and WellPoint Inc. In addition, some self-funded employers are considering amending their plans now.
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Obama Backs Pension Funding Relief With Conditions

April 16, 2010
Administration wants to ensure that the cash saved by companies through funding relief is put into job creation and preservation—and that cash not needed for those purposes is put into the pension funds before being distributed to shareholders or plowed into pay raises for company executives.
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IRS Releases Form for Employer Tax Credit

April 8, 2010
Employers may qualify for an exemption from the 6.2 percent employer’s share of Social Security tax on wages paid to newly hired employees who had been unemployed for at least 60 days or who had worked no more than 40 hours for during that period.
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