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For example, if an employee covers his or her partner under an employer health insurance plan, the estimated amount the employer pays to cover the partner will be added to the employee's salary for tax purposes, unless the employee's partner is a qualifying dependent under Section 152. The same is not true for married couples. [5]
requiring most Americans to carry or obtain qualifying health insurance coverage or face a fine for non-compliance [3] [10] a 5.4% surtax on individuals whose adjusted gross income exceeds $500,000 ($1 million for married couples filing joint returns) [3] a 2.5% excise tax on medical devices [3]
Called the Oregon Family Fairness Act, the law would provide several major rights to same-sex couples that were previously only given to married couples, including the ability to file jointly on insurance forms, hospital visitation rights, and rights relating to the deceased partner. The law's initial implementation was delayed by a federal ...
Jan. 1—New laws taking effect today include an increase in the state minimum wage to $14 an hour, gender-neutral language for birth and marriage certificates, and a requirement that Hawaii law ...
Under the 1996 Defense of Marriage Act (DOMA), the federal government was prohibited from recognizing same-sex couples who were lawfully married under the laws of their state. The conflict between this definition and the Due Process Clause of the Fifth Amendment to the Constitution led the U.S. Supreme Court to rule DOMA unconstitutional on ...
A senior couple reviews the terms of multiple healthcare plans. While the phrase “two are better than one” applies to many situations, two health insurance plans can be a burden, depending on ...
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) All Social Security benefits received a 2.5% increase in January, thanks to the latest cost-of-living adjustment (COLA).
The law caused a significant reduction in the number and percentage of people without health insurance. The CDC reported that the percentage of people without health insurance fell from 16.0% in 2010 to 8.9% from January to June 2016. [201] The uninsured rate dropped in every congressional district in the U.S. from 2013 to 2015. [202]