Sec125 Plan - Paying Health Premiums OOP and W-2 Treatment

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fishmonger
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Joined: Fri Jan 31, 2014 2:20 pm

Sec125 Plan - Paying Health Premiums OOP and W-2 Treatment

Post by fishmonger » Wed Sep 13, 2017 9:51 am

So I'll try to make a very long story short. My wife is a teacher who just got a new job in a new district 1 month into the school year. As part of her release, she had to pay her employee's share of our health insurance coverage for the months of July, August and September.

She is in a 125 plan and the deductions are taken out pre-tax. However, for these months we had to write a personal check. Is there anyway to have this reported on her W-2 against taxable wages?

In addition, she had to pay a penalty of 1% of her annual salary as a penalty. Will this be taken into effect as well in Box 1?

Any guidance would be appreciated, thanks

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