Phia Group Russo & Minchoff

Employers Be Ready: Costs of Health Coverage Required on 2012 Form W-2

As part of the changes made by health care reform, Section 6051(a)(14) of the Internal Revenue Code requires employers to report on Form W-2 the aggregate cost of employer-sponsored health coverage provided to employees.  Though the reporting requirement doesn’t apply until employers furnish W-2s for calendar year 2012, employers need to make sure that they have procedures in place now so that they can capture the relevant information during 2012.  


About The Author

cmonfils

Comments

Leave a Reply

You must be logged in to post a comment.