Optional Health Insurance Reporting

If it’s OPTIONAL, there is no need to comply.  Compliance costs both your time and your money. 

The latest rules released by the IRS explained here:  http://www.irs.gov/newsroom/article/0,,id=237870,00.html require that small employers (less than 250 W-2’s per year) do not have to report health insurance benefits paid on behalf of their employees.  Others will have to comply in 2013 when reporting 2012 W-2’s.