The ACA requires large employers to report the total cost of employer-sponsored group health coverage on employees’ W-2s, which are due to employees by January 31, 2019. Reporting the cost of health care coverage on the Form W-2 does not mean that the coverage is taxable. It is for informational purposes only and will provide employees useful and comparable consumer information on the cost of their health care coverage. Almost every employer is subject to the reporting requirement except plans maintained primarily for members of the military and Indian tribal governments.
For a detailed explanation and a list of various types of health coverage and whether reporting them on the W-2 is required, not required, or optional, click here.