wife recieved new insurance information that will go into effect jan 1, 2013.
one of the first statements is that the medical benifits she recieves in 2013 will now be listed on her w-2. as you know almost anything on a w-2 that isnt a deduction..ie: taxes removed from income....is subject to be taxed as income!
also the packet really pushes the health care fund. you know the one where you pay in pre-tax dollars to pay medical deductions and expenses...remember once you pay that into the fund, it is a benifit that is paid out when you use it. so whats the diffrence either its taxed if you dont pay into one or you pay tax on it as a medical benfit??
not sure this is part of obummercare but it sure "quacks like the duck!"
so anything a insurance company pays out for you medical..doctors visits, prescriptions, surgery, ect is a benifit as well as any that your company pays for you. remember what the company pays as their part of your insurance is also classed as medical benfits to!
As I get Older, I have come to understand why our Founding Fathers chose our countrys motto to be "IN GOD WE TRUST", somehow they knew in the future WE would come to the point that WE COULD NO LONGER TRUST THE ONES WHO RUN IT!