Employee Benefits Blog

Posts tagged Form W-2

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Form W-2 Reporting of Health Insurance Coverage: Frequently-Discussed Issues

Among its tsunami of provisions, the Patient Protection and Affordable Care Act requires certain employers to report the value of employer-provided health insurance coverage on employees’ 2012 Forms W-2.  This amount is for informational purposes only; it does not affect the employees’ tax liability for 2012.  It is reported in Box 12 of Form W-2, using Code DD.

This post will discuss a few aspects of this new requirement that appear to be of particular interest to our clients.  It is not meant to be an exhaustive review of all aspects of the requirement.  A great deal of useful information regarding the W-2 reporting requirement for health coverage is contained in IRS Notice 2012-9.