The IRS issued updated guidance (Notice 2012-09) regarding the Form W-2 reporting requirements under health care reform that require employers to report the cost of health care coverage. This guidance modifies and replaces the earlier Notice 2011-28 summarized in our earlier post. Scope of Health Plan Good news …
Health Care Reform W-2 Guidance from IRS
May 5, 2011 1 Comment
The IRS finally issued long-awaited guidance (Notice 2011-28) regarding new Form W-2 requirements under health care reform that require employers to report the cost of coverage under an employer-sponsored group health plan. Highlights of the guidance are as follows: Effective Date and Purpose The guidance …
Top 5 Health Care Reform Issues Employers Should Focus on Today
March 3, 2011 Leave a Comment
It has now been almost a year since health care reform was first enacted. The first year involved many compliance challenges, not the least of which was keeping up with the many pieces of guidance issued by the Department of Labor, Internal Revenue Service and Health and Human Services. But now that the first …
Waiting For Guidance
February 22, 2011 Leave a Comment
Employers are waiting for agency guidance on many pieces of the health care reform puzzle. Here are some of the big issues for which guidance has been promised but not yet issued: Form W-2 Reporting. The IRS was expected to release additional guidance by the end of 2010 on the new Form W-2 requirement to …
W-2 Relief for 2011
October 13, 2010 Leave a Comment
We previously blogged about the new Form W-2 requirement under health care reform. Health care reform technically requires disclosure of the cost of coverage effective for 2011 Forms W-2. But the IRS just issued relief for reporting health care coverage in 2011 and will not impose penalties for failure to do …
Unanswered Questions for Employers and Health Plans
August 16, 2010 Leave a Comment
Despite all the guidance that has been issued on health care reform, there are still many unanswered questions. Employers and health plans would welcome additional guidance on the following: For W-2 reporting of health care coverage, does the reporting apply to non-employees, such as retiree, surviving …