Hi all -
If an employer makes payments to a retired employee as a health insurance premium reimbursement, is that reported on a W-2 or 1099?
Thanks.
- posted
6 years ago
Health Payments for Retired
Loading thread data ...
- Vote on answer
- posted
6 years ago
It sounds like you are asking about an RHRA (Retiree Health Reimbursement Arrangement). It is a tax-free health benefit that goes unreported to the retiree.
P.S. Retirees do not receive W-2s as they are no longer employees.
- Vote on answer
- posted
6 years ago
- Vote on answer
- posted
6 years ago
I think that is an overgeneralization. I had numerous retiree clients who were receiving some form of deferred compensation payments that were, in fact, properly reportable on W-2. So I'd say this all depends... ;-)
- Vote on answer
- posted
6 years ago
Yes you are correct. My statement was too broad. There are various kinds of special wage payments (deferred comp is just one) that have to be reported on a W-2 to a former employee.