TaxGuyBill
Level 15
12-06-2019
05:48 PM
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No.
It likely WOULD be tax free to the employee, but the employer would be subject to gigantic penalties.
No, the amount of insurance CAN'T be added to wages unless it actually *IS* wages, or else the employer is subject to gigantic penalties. In other words, the amount of wages can't have anything to do with the cost of health insurance. If the employer decides to give a permanent larger wage, that must be independent of health insurance. It can't be a temporary wage increase or any any other way be associated with paying for health insurance.
It likely WOULD be tax free to the employee, but the employer would be subject to gigantic penalties.
No, the amount of insurance CAN'T be added to wages unless it actually *IS* wages, or else the employer is subject to gigantic penalties. In other words, the amount of wages can't have anything to do with the cost of health insurance. If the employer decides to give a permanent larger wage, that must be independent of health insurance. It can't be a temporary wage increase or any any other way be associated with paying for health insurance.
