options for health insurance for new nanny

[Anonymous]

We are starting the nanny hiring process and want to get our ducks in a row before starting the search. My husband wants to offer health insurance but I am very unclear where to begin.

I searched the archives and so know that some people pay a separate check towards the insurance. For those who do that, do you require proof of health insurance?

I don't think we want to offer to pay for plans given their cost variability. I was thinking maybe 200/mo towards insurance. But what if nanny doesn't have it...what do you do in that situation?

I would love to hear how some of you are dealing or have dealt with this.

[Anonymous]

Maybe wait and plan to bring it up with your favorite applicants if they seem interested in your job. Some nannies already have all their insurance with a spouse/partner.

[Anonymous]

And the answer to this will change next year, and you will have access to the exchanges Oct. 1

If you pay her for ins. you need proof she has it OR ELSE it is taxable to her and you.

[Anonymous]

Anonymous wrote:And the answer to this will change next year, and you will have access to the exchanges Oct. 1

If you pay her for ins. you need proof she has it OR ELSE it is taxable to her and you.

What proof exactly and what do you do with it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:And the answer to this will change next year, and you will have access to the exchanges Oct. 1

If you pay her for ins. you need proof she has it OR ELSE it is taxable to her and you.

What proof exactly and what do you do with it?

You are required to keep a current copy of her policy on file. The IRS may ask to see it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And the answer to this will change next year, and you will have access to the exchanges Oct. 1

If you pay her for ins. you need proof she has it OR ELSE it is taxable to her and you.

What proof exactly and what do you do with it?

You are required to keep a current copy of her policy on file. The IRS may ask to see it.

I don't think that's accurate that I need a copy of her policy. Where is that law written?

[Anonymous]

bump

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And the answer to this will change next year, and you will have access to the exchanges Oct. 1

If you pay her for ins. you need proof she has it OR ELSE it is taxable to her and you.

What proof exactly and what do you do with it?

You are required to keep a current copy of her policy on file. The IRS may ask to see it.

Liar?

[Anonymous]

Your contribution toward a nanny's health insurance is a non taxable benefit and you are required to keep a copy of proof that the $$ went towards this in your records. You can achieve this by directly paying the health insurance company for the portion you are contributing or having some sort of receipt/policy documentation from the nanny.You can't just add a $100 to her check every month and consider it a non-taxable benefit because she's supposed to use it for health insurance.

[Anonymous]

Some kind of receipt is fine. A copy of the complete policy is needlessly invasive and none of your business. (Gasp!)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And the answer to this will change next year, and you will have access to the exchanges Oct. 1

If you pay her for ins. you need proof she has it OR ELSE it is taxable to her and you.

What proof exactly and what do you do with it?

You are required to keep a current copy of her policy on file. The IRS may ask to see it.

It'd be nice if this poster got her facts straight before telling people what they're "required" to do by the IRS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And the answer to this will change next year, and you will have access to the exchanges Oct. 1

If you pay her for ins. you need proof she has it OR ELSE it is taxable to her and you.

What proof exactly and what do you do with it?

You are required to keep a current copy of her policy on file. The IRS may ask to see it.

It'd be nice if this poster got her facts straight before telling people what they're "required" to do by the IRS.

Presumably if you have a receipt, it will say what sort of policy she purchased. You can get standard language for that policy online, it's not like the insurance company is writing a policy specially for the nanny.

[Anonymous]

Yeah, there is nothing special or secret about a policy document. If you know the name of the plan, you can find the policy docs online.