Health Care Reform Reporting Requirements

Britany

I was looking to find out what the reporting requirements are on the W2's when it comes to the health care reform. Any information will be helpful. Thank you.

Jessica Ayer

Starting in the 2011 tax year, employers will have to annually report the value of employer-provided health benefits on employees’ Form W-2s. The value is to be determined under rules similar to the COBRA rules, and the first W-2 that must contain this information is the one that must be sent no later than January 31, 2012 (for the 2011 tax year). Regulations that address W-2 reporting have not been issued yet.

Also, you may want to check out our [URL="http://www.hrhero.com/bcla.shtml?code=BLOG"]Benefits and Compensation Law Alert[/URL]
to keep up with the latest information on health care reform and how it affects employer benefits.

NaeNae55

Britany: This website has a pretty good overview of the health care reform law in a white paper. It is an [I]overview[/I], and Jessica told you as much in her post as the white paper does about the 2011 W2 requirements, however, I found the information helpful and easy to understand. The white paper is called "A Guide to Obama's Health Care Reform" and was issued last month.

Celeste Blackburn SPHR

Nae,
Thank you for pointing out the white paper!
Here is a link: [URL]http://www.hrhero.com/whitepapers/index.cgi?wphcr[/URL]

The white paper is completely free, all we need is your e-mail. (If you've already signed up for a white paper before or have registered your e-mail with us somewhere else, it shouldn't ask for your e-mail. But if it does, just enter it again.)

Let me know if you have any questions about downloading the white paper or anything in it!

Celeste