I hear that beginning in 2011, the value of group health plan benefits has to be reported on Form W-2. Does this mean the benefits are taxable?

No.  While it is true that employers must begin reporting the value of certain group health plan benefits on employees’ Form W-2 wage reports beginning in 2011, the benefits are NOT currently subject to taxation.  For now, the government has stated that these benefits are being reported for informational purposes only. For more details regarding this please review our earlier alert.

Today’s post was contributed by Maureen Maly.

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