Requires W-2s to include health benefits
National Health Care Reform Legislation, Uncategorized, tax changes — By jthompson on July 9, 2010 at 3:16 PMRequires all employers to include on W-2s the aggregate cost of employer-sponsored health benefits for informational purposes only. If employee receives health insurance coverage under multiple plans, the employer must disclose the aggregate value of all such health coverage, but exclude all contributions to HSAs and Archer MSAs and salary reduction contributions to FSAs.
Source: Kaiser Family Foundation
RELATED POSTS:
- Impose new tax on insurers with high value plans
Impose an excise tax on insurers of employer-sponsored health plans with aggregate values that exceed $10,200 for individual coverage and $27,500 for family coverage. (Effective... - Exlcude reimbursment for unprescibed over-the-counter drugs
Exclude the costs for over-the-counter drugs not prescribed by a doctor from being reimbursed through an HRA or health FSA and from being reimbursed on... - Employers with 50+ employees must offer coverage
An employer does not have to offer coverage, but if they do not offer qualified coverage and employ more than 50 full-time equivalent employees (with... - Conformed Definition of Medical Expenses
Conformed Definition of Medical Expenses—Tax Years Beginning 2011 or Later. In 2011, the definition of medical expenses for the itemized medical expenses deduction will be... - Increasing funding for community health centers and the National Health Service Corps
Improve access to care by increasing funding by $11 billion for community health centers and the National Health Service Corps over five years; establish new...
