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Cost of employer-sponsored health coverage is reported on W2 box 12. This amount is reported with Code DD.
It is not taxable.
That is only place pre-tax medical payments are reported.
However - for shareholder - owners of S-corporations - medical insurance payments are taxable and included into box 1 ( but not included into boxes 3 and 5).
ALL costs of employer-sponsored health coverage is reported on W2 box 12 as ONE single amount.
No need to report each item separately.
The employer sponsored plan is a plan which is set by the employee as fringe benefit for employees.
If that is a policy that an employee purchased on the open market - that is not an employer sponsored plan.
Regarding what is reported - see here
Section 6051(a)(14) provides that the aggregate cost of applicable employer-sponsored coverage (the amount required to be reported on Form W-2) has the same meaning as in § 4980I(d)(1). Section 4980I(d)(1)(A) provides that the term “applicable employer-sponsored coverage” means, with respect to any employee, coverage under any group health plan made available to the employee by an employer which is excludable from the employee’s gross income under § 106.
So that includes - both employer contributions AND employee contributions that are excluded from taxable income.
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