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Health Care Coverage and Form W-2(Obamacare)
JD Supra ^ | July 31,2011 | Constangy, Brooks & Smith, LLP

Posted on 07/31/2011 2:16:48 PM PDT by mdittmar

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To: GeronL
Why don't I just drop coverage from my employer and that way I don't have to claim the income? But oh yeah.......It's law you have to have coverage or they fine you at tax time.

Seems a no win at all for the public. I'm sure unions and federal employees will have tax liability waivers though.

21 posted on 07/31/2011 8:28:01 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: mdittmar

This allows the feds to determine if your medical benefit plan is a “Cadillac Plan” which would subject your employer/insurer to a 40% excise tax starting in 2018.

Obamacare, the “recurring” nightmare!

http://www.towerswatson.com/press/1895
http://www.paychexinsurance.com/healthcarereform/faq/w-2-faq.aspx


22 posted on 07/31/2011 8:39:51 PM PDT by Drago
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To: alice_in_bubbaland
The feds have extended COBRA premium payment "assistance" several times. Several states, CA, PA and IL among them, have state laws that force employers to offer COBRA to former employees under specific circumstances. See here for more: subsidy State extensions
23 posted on 07/31/2011 9:30:15 PM PDT by ElenaM
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