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Large Employers Must Enter Health Care Value on Form W-2

Authored by Bukaty Companies on December 18, 2017

The aggregate cost of employer-sponsored health insurance must be reported on 2017 Form W-2s for employers who issued 250-plus Form W-2s in 2016. The reporting requirement is a provision established by the Affordable Care Act. Small employers (those who issued fewer than 250 Form W-2s in 2016) are temporarily exempt from the requirement until the IRS revokes the interim relief.

In general, the amount reported should include both the premium cost paid by the employer and employee. The value is reported in Box 12 (Code DD) on the forms. The forms must be filed and provided to employees no later than January 31, 2018. An IRS chart summarizes the coverages affected.

For more information, contact your Bukaty benefits consultant at 913.345.0440.

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