Employer-Provided Health Coverage

Employer-provided Health Coverage: According to information posted to the IRS website at www.irs.gov/newsroom/article/0,,id=220809,00.html?portlet=6, starting in calendar year 2011, the Affordable Care Act requires employers to report the value of the health insurance coverage provided to employees on each employee's Form W-2. This reporting is for informational purposes only, to show employees the value of their health care benefits so they can be more informed consumers. The amount reported does not affect the employee's tax liability since the value of the employer contribution to health coverage continues to be excludible from an employee's income.