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It’s that time of year again, and large employers need to remember to include the cost of health insurance in employee W-2s. The ACA requires employers to report the “aggregate cost” of certain types of employer provided health coverage on an employee’s W-2. The reporting requirement does not affect the tax status of the benefits, but was designed to assist in collecting the data necessary to administer various provisions of the ACA. The reporting requirement has been delayed by the IRS for small employers. This briefing details these requirements, what must be reported and reporting guidance.

The DOL, IRS and HHS jointly released final rules regarding the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA). For those group health plans offering both medical/surgical benefits and mental health (MA) or substance abuse (SA) benefits, the plans must provide MH and SA benefits at least equal (“in parity”) to the medical/surgical benefits provided.

In a decision made public this past Wednesday (December 18th) “Facebook Chief Executive Mark Zuckerberg and dozens of banks must face a lawsuit accusing the social media company of misleading investors about its health before its $16 billion initial public offering.”

Directors and officers are subject to personal unlimited liability so it is critical to ensure proper D&O coverage is in place well in advance of a liquidity event. A well structured D&O insurance policy will serve to protect the corporations balance sheet from unforeseen circumstances or events that might otherwise derail the initial public offering (IPO).