Banco Popular de Puerto Rico

I agree to an extent that it would actually disclose to the employee how much the employer is contributing and therefore they would understand that benefits paid is part of the overall package that is offered. They only take into account how much they take home.

I think the government should stop and think about all the laws they enact on a business and how it needs to be reported. Do they think that it is just a simple process to make a change and businesses can make the change on a whim. Most accounting software that is utilized would have to be modified,...

Why the W2? Yes, it's a summary of taxable wages, but unless company healthcare contributions become, in fact, taxable aren't we just confusing the employee? So, you put a number in one of the W2's numbered boxes, and then leave the employee to decipher it, etc.?

Think it is a move in a positive direction. Most employees have no idea what employers pay for Health insurance. Question is the amount for just the employers contribution or the total cost; the employer plus employee contribution for coverage?

The government DOES NOT need to micro mananage rate disclosure. Instead of telling employers HOW to disclose, why not just require the disclosure. We already publish the full rate, the employer share and employee shares for people to see. We actually built out a worksheet so they can "do the math"....

The W-2 is required by law to be furnished to every employee, (by even the smallest business) no later the January 31st, many employers work hard to get it out in the first week so employee can get their tax refund faster. This will slow down the process, and there is no way you can explain all the different...

This is a very bad idea during the busy tax season and creates administrative problems for employers. Employees can be informed of the health care costs in numerous other ways. If the government is interested in learning more information about how employers handle healthcare and the cost paid for each...

Thsi is not the way to create better consumers. It appear the both the government and the companies that process payroll might benefit from the extra workload that this process would create. Business are not looking for ways to spend more on behalf of their employees in this economy.

Thanks for this post. Really important to think about the implications of those rising deductibles while employees' are struggling with finances. I just posted about that here: http://www.benzcommunications.com/blog/average-deductible-1000

Great post! It is especially important that employees understand the combination of premiums + out-of-pocket costs during enrollment. Picking the low-cost option may mean big out-of-pocket expenses next year, and that may be a bad combination for low-income employees.