Preventive Health Care Now Covered
In 2011 the Affordable Care Act (ACA) has listed preventive health services which will be covered by our plan effective January 1, 2011. To see the list, please follow this link: Preventive Health Services Covered Under the Affordable Care Act(ACA)
Same Sex Marriages in Iowa
On the Iowa Department of Revenue website http://www.iowa.gov/tax/1040EI/091040Home.html under the link “What’s New for 2009”, guidance is provided regarding the tax treatment of benefits for employees with same-sex spouses. Iowa recognized the right of same-sex couples to marry in 2009. This change is effective as of April 24, 2009 and is therefore effective for the calendar year in which same-sex couples are legally married in Iowa. If an employee is married in the State of Iowa the employee is afforded the right to receive benefits for a spouse on a tax free basis for Iowa income tax purposes going forward from the date the marriage was recognized in the state. Employees who are married to a same-sex spouse under Iowa law should notify Stacy Koehler, HR Generalist, at x4823 or Jana Johnson, HR Generalist, at X4822 of the event so the tax treatment of the benefits can be changed for purposes of state withholding and taxable income. Changes can only be effective retroactive to the earlier of the date of marriage or January 1, 2010. Employees who are affected by the closing of the 2009 tax year will be made whole by Grinnell. The change in state law did not impact the recognition of income for the value of benefits provided for an employee’s domestic partner for federal or state purposes. The marriage of same-sex couples is not recognized by the federal government for tax purposes so benefits provided for a same-sex spouse will remain taxable at this time for federal income tax purposes. June 25, 2010
The Grinnell College Medical Benefit Plan Trust will provide copies of the IRS Form 990, audited financial statements, and the Trust Agreement to the public upon request to David Clay (clayd@grinnell.edu).
