Stephanie Cutter, assistant to the President for Special Projects posted on the White House Blog this morning in an attempt to put to rest rumors about health care legislation. Starting in 2011, your employer can include on your W-2, the value of the health care benefits that you have received in order to show you exactly what it cost to keep you healthy. By 2012, any employer that provides insurance will be required to include the information on the W-2.
The rumor has been that employee’s would be paying taxes on those benefits received, however the post clearly states;
“Let’s be clear: you will absolutely not pay taxes on these benefits.
For months, opponents of health reform have falsely claimed that the Affordable Care Act would lead to the taxation of health care benefits. The claim wasn’t true when the rumor first surfaced, it isn’t true today and it won’t be true tomorrow.
You will be guaranteed your choice of primary care provider within your plan’s network of doctors, including OB-GYNs and pediatricians, without a referral, as well as out-of-network emergency care.
What is true is that the Affordable Care Act will strengthen the health care system for all Americans, end the worst insurance company abuses and put patients and doctors – not insurance companies – in control of their own care. In the last month, we’ve implemented a new Patients’ Bill of Rights that will protect consumers. Under the new law:
All insurance plans will be prohibited from putting lifetime caps on the dollar amount that they will spend on benefits, like cancer treatment, or canceling, or rescinding your coverage because you get sick, or you made an unintentional mistake on your application.
Young adults will be allowed to remain on their parent’s plan until their 26th birthday, unless they are offered coverage at work.
Most insurance companies will have restrictions on their ability to place annual limits on care.
New rules will prevent most insurance companies from denying coverage to children under the age of 19 due to a pre-existing condition.
And if you purchase or join a new plan:
Insurance companies will be prohibited from denying coverage for needed care without a chance to appeal to an independent third party.“