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IRS Revises Guidance on Form W-2 Informational Healthcare Coverage Reporting Under PPACA
On January 3, 2012, the IRS issued Notice 2012-9, which restates and amends prior interim guidance on the new requirement under the Patient Protection and Affordable Care Act (PPACA) that employers provide informational reporting to employees of the cost of their employer-sponsored group health plan coverage on Form W-2.
Health Care Coverage and Form W-2
Late last month, the IRS issued guidance on how employers will report the aggregate cost of employer-sponsored health coverage provided to an employee on Form W-2. The Patient Protection and Affordable Care Act (PPACA) imposed the reporting requirement, originally effective for the 2011 Form W-2s (for issuance in 2012). However, an earlier IRS Notice postponed this reporting requirement until the 2012 Form W-2s (for issuance in 2013).
