Under the Affordable Care Act, the cost of employer-sponsored group health insurance coverage is to be reported on Form W-2 beginning with the 2012 tax year (meaning, on forms which will be distributed in 2013).

However, according to IRS Notice 2010-69, if an employer files fewer than 250 2011 W-2s, then the employer is not subject to the reporting requirement for Forms W-2 for the 2012 calendar year. Source: http://www.irs.gov/pub/irs-drop/n-11-28.pdf.

ABOUT GBAC

GBAC has been providing superior insurance products and services to businesses and families for over 35 years. Our dedicated team of benefit experts specialize in every type of insurance coverage. With unparalleled customer service, our mission is to provide the very best value to our clients. Let GBAC take some or all of the responsibility of managing your healthcare program and allow you more time to focus on your business. For more information, please call 203.239.3843.