Excerpt: Starting January 1, 2009, Massachusetts residents age 18 and older who do not have health coverage that satisfies certain minimum creditable coverage requirements may be subject to tax penalties that could exceed $900 per person. Massachusetts recently issued final regulations on these requirements, which may enable employers to establish that their plans satisfy the minimum creditable coverage standards through demonstrating actuarial equivalence. They also provide a delayed effective date for collectively bargained plans and liberalize rules for high deductible health plans offered in conjunction with health savings accounts.  MORE >>