Fairmark.com

Beginning 2011, employers providing health insurance to employees will have to show the cost of that insurance on Form W-2. (This means the first time you’ll see this information on Form W-2 will be early in 2012, when you receive your form for 2011.) The new requirement has touched off a viral email warning that employer-provided health insurance coverage will become taxable next year. Not so: the new reporting requirement is solely for information purposes. Employees will continue to receive these benefits free of tax. The only difference will be the inclusion of this eye-opener on the form.

Posted June 8, 2010
Filed under Healthcare