For the past two decades, it has been increasingly difficult for employers to provide health insurance coverage to their employees. Read More
Private Health Insurance Exchanges: Alternative Strategies For Employers
Posted by admin on January 22, 2013 | No Comments »IRS Issues Additional Guidance on Form W-2 Health Care Coverage Reporting Requirement
Posted by admin on January 20, 2012 | No Comments »The U.S. Internal Revenue Service (IRS) has issued Notice 2012-9 to provide additional guidance on the informational reporting to employees of the cost of their employer-sponsored group health plan coverage on Form W-2. This informational reporting is required under Section 6051(a)(14) of the Internal Revenue Code, enacted as part of the Affordable Care Act of 2010. The IRS requested public comments on the W-2 reporting requirement in Notice 2011-28. Notice 2012-9 responds to these comments and amends, restates and supersedes Notice 2011-28. Specifically, the new notice includes guidance on the W-2 reporting as it relates to small employers, flexible spending accounts, dental and vision plans, COBRA and health reimbursement arrangements.
State Health Care Reform Update
Posted by admin on March 7, 2011 | No Comments »Spencer’s Benefits Reports
For the last few years, states have been leading the way toward more comprehensive health care coverage to ensure that more people have or can obtain health insurance. With the passage of federal health care reform, states will have increasing responsibilities in regard to employer-provided health insurance benefits. Spencer’s Benefits Reports continues to provide regular updates about state health care reform. Continue Reading…
No tax on health care benefits – until 2018
Posted by admin on October 13, 2010 | No Comments »There have apparently been concerns among many employees that passage of health care reform would mean that they would have to pay tax on the value of health benefits they receive from their employers. One source of this rumor was probably the fact that there is now a space for employers to include, if they wish, the cost of health benefits on the 2011 W-2 Form, which the IRS has just released. Inclusion of the information will be mandatory starting in 2012. Continue Reading…
