Filed Under:Health Insurance, Individual Health

IRS Posts W-2 Health Reporting Guidance

President Obama signs PPACA. (AP Photo/J. Scott Applewhite, File)
President Obama signs PPACA. (AP Photo/J. Scott Applewhite, File)

The Internal Revenue Service (IRS) has given more advice about how employers, benefit plan administrators and others should go about applying the new Form W-2 health benefits cost reporting requirements.

Employers do have to include the cost of any supplemental health benefits, such as cancer insurance, that they pay for, but they do not have to include the cost of supplemental health benefits that the employees pay for with after-tax dollars, IRS officials say in IRS Notice 2012-9.

been asking the IRS for guidance on FSAs and other health accounts.

The 19th question in the new guidance relates to a health FSA offered through an IRC Section 125 cafeteria plan.

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Nichole Morford
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