Not only does this apply for medical plans, but also for any prescription drug plans, Medicare supplemental policies and more. Among the changes, correctly aggregating this information seems to prove as a challenge to employers.
Under PPACA, reporting is required for not only current employees, but also, former employees who are provided with employer-sponsored health insurance. Former employees could be interpreted as retirees, terminated employees utilizing COBRA, as well as surviving spouses. Understandably, a handful would not even receive a Form W-2 from that employer. As a result of these changes, comprehending the New W-2 Reporting Requirements now seems more important than ever.
Craig J. Davidson, CEBS with the FutureOffice Network will present “New W-2 Reporting Requirements”
About the Speaker
Mr. Davidson is Principal of Davidson Marketing Group, LLC and the FutureOffice Network. Davidson is also on the faculty at the Sheldon B. Lubar School of Business at the University of Wisconsin, Milwaukee. He is also a monthly columnist for Employee Benefits Adviser magazine.
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About FutureOffice Network
FutureOffice Network is an internet-based H.R. service with approximately 17,000 active users in 22 states. Its tools streamline an employer’s workflow and include coverage of employee benefits, employment law, human resources, compensation rules, and employee communications.