Got my W2

[durango46]

INCREDIBLE

over $11,000 in health and dental costs.

Then factor in the co-pays
The $3,000 deductible per person
The Meds



Anybody else feeling this ? or do we have thee worst Insurancce out their ?

I have to know do government employees pay anything like this ?

[bmore_ken]

Your health insurance premium shows up in your W-2?

[OldBay]

Your health insurance premium shows up in your W-2?

W-2 Box 12b with the code DD, is the "cost of employer-sponsored health coverage. The amount reported with code DD is not taxable" - quoting from the back of the W-2 Employee Instructions.

The employee cost or portion is not shown on the W-2.

[bmore_ken]

No I know that's there, but unless I'm reading it wrong that's not what he's talking about. It sounds like he's talking about what he's paying

[bmorepunk]

If you're figuring out how much your insurance premiums cost wouldn't you just look on your pay stub and multiply by 12, 24, 26, or 52 depending depending your pay structure? Or at the last pay stub for the year for a total? It's not like it's an end of the year surprise since you've been paying it the whole time.

[OldBay]

No I know that's there, but unless I'm reading it wrong that's not what he's talking about. It sounds like he's talking about what he's paying

Well, if so, those medical deductions claimed on schedule A are going through the roof!

There is no box on the W-2 for employee contribution to health insurance. The information in box 12b is presently for data collection and for future analysis - as if anyone does not know that someday we will pay income tax on the value of employer-provided health benefits.

[OldBay]

If you're figuring out how much your insurance premiums cost wouldn't you just look on your pay stub and multiply by 12, 24, 26, or 52 depending depending your pay structure? Or at the last pay stub for the year for a total? It's not like it's an end of the year surprise since you've been paying it the whole time.

Even easier than that, many paystubs show a "year-to-date" contribution. Yet, most people don't look closely at their paystubs...

[bmore_ken]

Even easier than that, many paystubs show a "year-to-date" contribution. Yet, most people don't look closely at their paystubs...

Yep mine show a ytd for what I've paid in premiums. If that's what his $11,000 is, he's paying a fortune

[mrsmlh]

In 2011 I was paying $1000 per month for health insurance. In Oct 2011, BC/BS raised my premium to $1250 per month. I cancelled it and went on my husband's TriCare policy which offers the same insurance coverage for no where near the costs of BC/BS

[durango46]

W-2 Box 12b with the code DD, is the "cost of employer-sponsored health coverage. The amount reported with code DD is not taxable" - quoting from the back of the W-2 Employee Instructions.

The employee cost or portion is not shown on the W-2.

My mistake. You are correct 12B is the employers cost.

Our company went paperless so we have to log in to a website to get our pay stub info

Decided to log in and check....I paid $8,500 and I'm still not happy

[bmore_ken]

My mistake. You are correct 12B is the employers cost.

Our company went paperless so we have to log in to a website to get our pay stub info

Decided to log in and check....I paid $8,500 and I'm still not happy

Wow that's still a lot. I looked at mine and it was about $5600

[Eastside Terp]

I know I will owe again so I probably won't look at anything until march ......

why get upset ......

[jessup270]

My mistake. You are correct 12B is the employers cost.

Our company went paperless so we have to log in to a website to get our pay stub info

Decided to log in and check....I paid $8,500 and I'm still not happy

Not sure but you may not have even paid $8,550 in medical insurance.

Depending on the how the employer is step with the IRS, money used to pay for health insurance is likely pre tax money.

So it likely comes down to this, if it was pre tax money, you actually paid $5,100 in spendable dollars for the medical insurance:

$8,500 pre tax dollars, less 30 percent federal tax, 10 percent state and local tax, leaves $5,100 spendable dollars.

Maybe some accountant types can enlighten us.

[ybnormal]

To those who actually PAY for medical/dental coverage (Martyland's 25,000 prisoners get theirs for "free" courtesy of the working taxpayers), if you think medical costs are high now, just wait until Obamacare really kicks in - you ain't seen nothin' yet. Hospitals, doctors and insurance companies are already feeling the impact.

PS: Over two thirds (68%) of those 25,000 inmates lived in Baltimore city before being convicted.

http://www.washingtonpost.com/wp-dyn...041404600.html

[bmore_ken]

So you don't want prisoners to get healthcare is that what you're ranting about this time?

[ybnormal]

So you don't want prisoners to get healthcare is that what you're ranting about this time?

I-G-N-O-R-E the ignorant (that be you shamelessly wasting the taxpayers money by spewing your drivel all day long when you should be working at your government job).

[bmore_ken]

I-G-N-O-R-E the ignorant (that be you shamelessly wasting the taxpayers money by spewing your drivel all day long when you should be working at your government job).

My supervisor is more than satisfied with my job performance. Thanks for your concern

[boink]

http://www.nytimes.com/2013/01/30/he...lans.html?_r=0

To Open Eyes, W-2s List Cost of Providing a Health Plan
By ROBERT PEAR
Published: January 29, 2013

WASHINGTON — As workers open their W-2 forms this month, many will see a new box with information on the total cost of employer-sponsored health insurance coverage. To some, it will be a surprise, perhaps even a shock.

Workers often have little idea how much they and their employers are paying for coverage. In many cases, economists say, workers give up cash compensation to get and keep health benefits.

The disclosures, required by the 2010 health care law, are meant to make workers more cost-conscious. Health benefits are still tax-free. But labor unions and employer groups say it could be easier to tax them in the future, now that employers must report their value to the government.

The new information appears in Box 12 of the standard W-2 form, with a two-letter code, DD. ...

[overtaxed]

I have seen that. I would think the health care industry is awash in money. Where does it all go?

[Rumorhasit]

Starting this month I'm now paying $11,282.70 a year for my family's heath care, carefirst blue cross and blue shield ppo. $433.95 comes out of my retirement check every two weeks.