Offering better-than-average employee benefits keeps employees longer, makes your business more competitive and more. Learn 6 solid reasons why you should offer your employees excellent benefits.
The Patient Protection and Affordable Care Act (PPACA) enacted this year has many titles and subtitles that don’t actually have much to do with how health care coverage is provided or delivered by health plans. One such provision includes a requirement for employers to use employee W-2 forms to report the value of whatever health insurance is provided to an employee. This provision was originally set to become effective in 2011, but the IRS has since followed up and made the reporting optional for 2011. So all W-2 Forms issued in January 2013 must include the health insurance value information, and employers can optionally report the values on the 2011 W-2s.