Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
November 26, 2008
Greater Disclosure Aimed at Curbing Health Costs
Some employers already voluntarily report tax-free employee benefits, including employer-provided health insurance coverage, in Box 14 of an employee’s annual Form W-2, but there is no requirement to do so.

However, employers would be required to disclose the amount of money they pay for an employee’s health insurance on Form W-2, under a discussion draft of legislation released by a group of senators this fall. The senators believe that increased disclosure of health insurance costs would make workers better informed about what they pay for health care and rising healthcare costs.

“The point of the proposal is to inform people about their healthcare costs,” said Sen. Chuck Grassley (R-Iowa), ranking member of the Senate’s Committee on Finance. “… As long as people are insulated from the cost and just think someone else is paying for it, then it’s easy to overlook expenses. But once they realize they themselves are paying for it, it should spark a genuine conversation about what to do. Without any knowledge of how much they are paying, though, people aren’t equipped to join the debate, and their view, generally, is ‘don’t touch my health care.’ And so nothing can get done politically and costs continue to spiral.”

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: