Question

Medical Insurance Waiver Tax Tracking Type

Forum|Forum|5 years ago
July 12, 2021
1 reply
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What Tax Tracking Type should I use for a Medical Insurance Waiver?

For example, an employee earns $100 on each paycheck for opting out of the company medical insurance.

BigRedConsulting

It's a little complicated and depends on how you've set it up. In some cases it's taxable like a benefit, and in other it isn't:

See https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/insuranceoptout.aspx