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Topic: Eye-popping Costs for Employer-
Provided Health Insurance |
Eye-popping Costs for Employer-
Provided Health Insurance
National Review Online, by Grace-Marie Turner
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Original Article
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Posted By:Dreadnought, 1/30/2013 10:44:23 PM
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| Employees at larger companies are getting some eye-opening news in the W-2 statements they are receiving this month listing their 2012 income. The health overhaul law required employers to add a line reporting the total cost of employer-sponsored health-insurance coverage. “To some, it will be a surprise, perhaps even a shock,” Robert Pear reports in a New York Times piece, “To Open Eyes, W-2s List Cost of Providing a Health Plan.” Prof. Nicole Huberfeld, an expert on health law at the University of Kentucky, who received her W-2 form on Monday, said, “Most people
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Reply 1 - Posted by:
uno_thatguy, 1/30/2013 10:56:25 PM (No. 9149629)
The worms are crawling out of the can!
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Reply 2 - Posted by:
Pearson365, 1/30/2013 11:06:52 PM (No. 9149639)
"The number is being disclosed on a tax form even though health benefits are not counted as taxable income — yet."
Since 98% of taxpayers had their income tax rates made permanent on 12/31/12 (applause for John Boehner), more income has to be subject to taxation. The W-2 reporting requirement could eventually permit this.
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Reply 3 - Posted by:
ColonialAmerican1623, 1/30/2013 11:19:31 PM (No. 9149653)
Employers should also list the cost of liability insurance, uniforms etc because many employees only see the money coming into a business. Others think the total cost is only the amount they pay.
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Reply 4 - Posted by:
farmwife, 1/31/2013 12:22:24 AM (No. 9149683)
All the people who get their insurance through their employers need to be aware of the cost, and they should also be aware that that is a tax-free benefit (for now, anyway.) And quit their bellyaching about their employers!
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Reply 5 - Posted by:
farmwife, 1/31/2013 12:24:49 AM (No. 9149685)
continued:
They also should be aware of the other costs their employer incurs for the privilege of being an employer--half of the social security costs, medicare costs, and all of the unemployment insurance costs.
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Reply 6 - Posted by:
Pinchem, 1/31/2013 2:05:24 AM (No. 9149728)
#4-5...True but also remember Workman´s compensation.
Employees are under a mushroom when it comes to their pay. Most believe all they earn is what they take home minus income taxes. They should be aware of all those costs the employer has to pay which, technically, has to count as their "gross income" (from the employer´s standpoint) and realize "take home" is not their total earnings.
Members of the military have the same situation. Free healthcare, non contribution to retirement and other benefits all have to be counted into the gross salary. But, like civilians, they only see "take home" and not the gross.
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Reply 7 - Posted by:
Spidey, 1/31/2013 5:08:05 AM (No. 9149776)
One of the most asinine aspects of Obama´s power grabs is he´s spending trillions buying votes already has in his pocket. In order to grow this group in need of handouts,he has to bring them in from other countries,with Mexico being the primary target.
Not only does Obama not enforce the border,he´s sending fliers to Mexicans telling free food and healthcare await them on their arrival.Maybe I´m crazy but i see this as an act of treason,aiding and abetting this country to go bankrupt..
This moron uses kids as props to get gun laws passed but he couldn´t care less about the future debt they´ll inherit as this failed attempt to turn America into a socialist country.
Promoting the general welfare doesn´t mean promoting foreigners to welfare.
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Reply 8 - Posted by:
Trigger2, 1/31/2013 5:09:13 AM (No. 9149777)
Now I know why unions were exempt from paying taxes on cadillac plans. One union guy reported his company paid $20,000 for his policy. Talk about a cadillace plan for a greedy union...
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Reply 9 - Posted by:
stablemoney, 1/31/2013 8:59:55 AM (No. 9150141)
We need a d--- line on the w-2 showing how much the employee owes the government for the national debt and a paydown schedule stapled to it.
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Reply 10 - Posted by:
Bevan, 1/31/2013 9:09:17 AM (No. 9150165)
Liberals are always surprised at reality.
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