Form W-2 Reporting Requirement

Issued October 4, 2012

Beginning in 2012, employers who filed 250 or more Forms W-2 in the previous tax year are required to report the value of certain employer-sponsored health benefits on their employees' Forms W-2 (to be issued January 2013). Those who do not report the value of health coverage may be subject to costly penalties for failure to file correct returns.

We provide a convenient and accurate way to help our payroll and health insurance clients comply with the Form W-2 reporting requirement. We will:

  • Proactively notify you if your company filed more than 250 Forms W-2 in the previous calendar year;
  • Provide a record of applicable premiums for the period in which Paychex Insurance Agency was the agent; and
  • Facilitate the entry of health coverage amounts of Forms W-2.