W-2 Reporting of Total Cost of Health Coverage


Purpose:

To make individuals aware of the total cost of their health coverage for a year


Intent:

To increase an individual’s awareness of the total cost of health coverage prior to requiring a tax on any excess cost of coverage


Related Provision:

Tax on Excess Cost of Health Coverage


Health Plans Affected by this Provision:


Year Effective: 2011
Medical Plan: Yes
Dental/Vision Plan: No, if stand-alone benefit excepted from HIPAA’s portability provisions
HRA: No
Health Care FSA: No

Document Downloads:


Document Title Last Updated
IRS Notice 2011-28  
Employee Benefits Corporation W-2 Reporting Notice