At Sterling Benefits, we are proactively working with multiple resources to dissect the various facets of the law and to understand the guidelines and timelines it presents to our clients. You can expect that we will provide ongoing communications and information as interpretation and implementation details continue to unfold from the government.

Our priority at Sterling Benefits is to stay focused on delivering value and quality customer service to our customers as we work together with health care reform. Significant changes will take place in 2014. In the meantime, there are some items that will require attention much sooner. We will keep you posted as details and clarifications from the government are made available. We encourage you to review this information and utilize our office as a resource in addressing questions and concerns.

Thursday, January 31, 2013

W-2 reporting communication for employees

As part of the Affordable Care Act (or health care reform law), W-2 forms must show the cost of employer-sponsored health coverage. Anthem has provided this suggested communication below that would come from the employer to notify employees of this new entry on their W-2s :

Dear <Employee>,

As part of the Affordable Care Act (or health care reform law), W-2 forms must now show the cost of your employer-sponsored health coverage. This new entry will be in Box 12 of your form on the middle, right-hand side. The cost is only being included on your W-2 form for informational purposes and is not taxable. You can find a draft form on the IRS website.

We wanted to take this time to remind you that we are invested in your health as well as the health of your dependents. We believe in the value of your health coverage as part of your total benefits package, and will continue to keep you informed of new details that may impact your coverage as they become available.

Sincerely,
<Employer Name>
<Title>
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