Is it taxable income if a company reimburses an employee for health insurance premiums?
The employee has his own health insurance and pays the premiums. The company reimburses the employee for the premiums. Is this taxable income, and does it need to be included on the Employee's W-2?Yes it is taxable income and should be included on the employee's W-2.
Penny is a seasoned human resources executive and consultant with over 25 years of diverse business experience in advising enterprise leaders on employment-related matters.