Just had a meeting with our accountant at work who explained the - TopicsExpress

Just had a meeting with our accountant at work who explained the latest on the health insurance. I have a marketplace direct insurance plan which my Association pays. The Association now needs to show the monthly insurance premium on my W2 as income, and cover the additional taxes - which includes Social Security, State and Federal taxes on that amount. And, incidentally, itll likely kick Bill and I up a tax bracket so we have to pay higher taxes. This doesnt affect those who have company paid group insurance, although, were also told that the group insurance rates are kicked up higher to encourage everyone to purchase individual insurance through MarketPlace Direct. And the individual rates will jump once people are on board. I just received notice that my rate is increasing by $200/month in January.

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