Yes, certain insurance plans offered by Aflac are included in the reporting requirement.
Accounts are required by law to report coverage for hospital indemnity or specified illness plans. If the following Aflac products are filed in the accounts state as either hospital indemnity or specified illness, then they must be included in the report if any portion is paid by the employer or the employee paid the premiums on a pre-tax basis (e.g. cafeteria plan):
- Hospital Indemnity
- Hospital Intensive Care
- Specified Health Event
- Specified Disease
- Critical Illness
The reporting requirement generally applies to employer-sponsored coverage under a group health plan with the exception of Aflac’s Accident, Disability, Dental and Vision plans long-term care coverage, stand-alone Dental and Vision coverage, and Health Care Spending Account contributions (Flexible Spending Arrangements, Health Reimbursement Arrangements, Health Savings Accounts, and Medical Savings Accounts).
Aflac’s W-2 Reporting Tool
Beginning January 2013, Aflac accounts will have access to new online W-2 Reporting tool through Aflac Business Services. To view and print benefits reports, log-in to Aflac Business Services or, if you receive paper statements, sign up today at: aflac.com/business/business_services/register. This tool, which is for informational purposes only, may be helpful as you prepare for your W-2 reporting of employer-sponsored health care coverage.