Medical Insurance for Children Ages 23 to 26 Available for Children of Retirees
Public Act 08-147 requires group health plans to provide coverage for unmarried children up to the age of 26, regardless of the child’s student or dependent status. A Comptroller's memorandum explains how the Public Act is implemented under the State of Connecticut Employee Health Plan. The effective date of implementation was January 1, 2009.
To download the Comptroller's Memorandum on this insurance use this link. To download the agreement SEBAC signed to get pharmacy added to the coverage (only medical was required by statute) use this link.
Please read the Memorandum and rate chart carefully and completely. The Fair Market Value of the insurance for the child who is not a dependent under §152 of the Internal Revenue Code is taxable income to the retiree, and the retiree is required to include the Fair Market Value for this benefit in their taxable income. Retirees with questions as to the tax impact of the inclusion of the Fair Market Value of health benefits for non-qualified children are advised to consult their personal tax advisor.
