is now 
The new 2013 W-2
disclosure requirement of the 2010 health care reform law may surprise some
employees.
Employers must now report the amount they pay on their employees’ behalf for health care benefits and the portion, if any, paid by the employee on W-2s.
This applies if the employer distributes 250 or more W-2s. Soon, employers with fewer employees may also be disclosing these amounts.
Health benefits are not considered taxable income….yet. Detailing the costs is a response to the debate about whether such benefits should be taxed.
The Kaiser Family Foundation reports the average annual premium for employer-sponsored health insurance is $5,615 for single coverage and $15,745 for family coverage. Efforts are underway to attempt to tax part or all of these benefits.
Other statistics from Washington reveal that over the last 5 years, the costs of employer-sponsored health insurance has increased 25% for individual coverage and 30% for family coverage as some employers have offered increases in benefits versus increases in hourly wages.
