What is the W-2 healthcare benefits reporting requirement?
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UnitedHealthcare answered:Employers are required to report the cost of health plan coverage on employees’ W-2 forms. This is for informational purposes only so you understand the value of your benefits. Your health benefits are generally not subject to the income tax.
This provision is part of the health care reform law, also known as the Patient Protection and Affordable Care Act (PPACA).
To learn more about the W-2 reporting requirement or health care reform, go to www.healthcare.gov or www.uhc.com/reform.
This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment and restrictions. Federal and state laws and regulations are subject to change.Employers are required to report the cost of health plan coverage on employees’ W-2 forms. This is for informational purposes only so you understand the value of your benefits. Your health benefits are generally not subject to the income... More

