Compensation of Nanny's Health Insurance

[Anonymous]

Was wondering how much, if anything, nanny employers are contributing to their nanny's health insurance?

We are currently paying our nanny's monthly premium but it's going up significantly (2x) next year. Am looking for advice on how others may have addressed in the past.

Thanks!

[Anonymous]

Yes, premiums all went up! Nuts. Our nanny enrolled in a cheaper plan. We stated we could not provide more than $300 a month.

[Anonymous]

I am still paying all of my nanny's, but only because she found a plan for just over $300, which was my limit, too.

If it gets a lot more expensive in the future, I may pay it in lieu of a raise. I don't have the funds for both increases each year.

[Anonymous]

We just agreed to a set amount each month.

[Anonymous]

Isn't paying a nanny's premium 100% deductible for the employer? Our nanny has A plan thru Obamacare that she pays for. However, with the current political situation, she was worried that It would be repealed. My DH has a small company and we offered to insure her thru his company and we would pay her premiums in lieu of a raise and we would take the full tax deduction on our personal income tax. Is that not correct?

[Anonymous]

Anonymous wrote:Isn't paying a nanny's premium 100% deductible for the employer? Our nanny has A plan thru Obamacare that she pays for. However, with the current political situation, she was worried that It would be repealed. My DH has a small company and we offered to insure her thru his company and we would pay her premiums in lieu of a raise and we would take the full tax deduction on our personal income tax. Is that not correct?

That is illegal.

[Anonymous]

Anonymous wrote:Isn't paying a nanny's premium 100% deductible for the employer? Our nanny has A plan thru Obamacare that she pays for. However, with the current political situation, she was worried that It would be repealed. My DH has a small company and we offered to insure her thru his company and we would pay her premiums in lieu of a raise and we would take the full tax deduction on our personal income tax. Is that not correct?

The premiums are not taxable, but they are not tax-deductible, either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Isn't paying a nanny's premium 100% deductible for the employer? Our nanny has A plan thru Obamacare that she pays for. However, with the current political situation, she was worried that It would be repealed. My DH has a small company and we offered to insure her thru his company and we would pay her premiums in lieu of a raise and we would take the full tax deduction on our personal income tax. Is that not correct?

That is illegal.

Not PP but how is that illegal?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Isn't paying a nanny's premium 100% deductible for the employer? Our nanny has A plan thru Obamacare that she pays for. However, with the current political situation, she was worried that It would be repealed. My DH has a small company and we offered to insure her thru his company and we would pay her premiums in lieu of a raise and we would take the full tax deduction on our personal income tax. Is that not correct?

That is illegal.

Not PP but how is that illegal?

New poster: The company group plan is for the company's employees, not the owner of the company's owner's household employee. Everyone covered by the company group plan must be a current employee or a family member of an employee. These conditions are set by the health insurance company.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Isn't paying a nanny's premium 100% deductible for the employer? Our nanny has A plan thru Obamacare that she pays for. However, with the current political situation, she was worried that It would be repealed. My DH has a small company and we offered to insure her thru his company and we would pay her premiums in lieu of a raise and we would take the full tax deduction on our personal income tax. Is that not correct?

That is illegal.

Not PP but how is that illegal?

New poster: The company group plan is for the company's employees, not the owner of the company's owner's household employee. Everyone covered by the company group plan must be a current employee or a family member of an employee. These conditions are set by the health insurance company.

New poster: How does the IRS know? You could say the nanny was running a daycare service in the office. Illegal or not, it happens all the time in California.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Isn't paying a nanny's premium 100% deductible for the employer? Our nanny has A plan thru Obamacare that she pays for. However, with the current political situation, she was worried that It would be repealed. My DH has a small company and we offered to insure her thru his company and we would pay her premiums in lieu of a raise and we would take the full tax deduction on our personal income tax. Is that not correct?

That is illegal.

Not PP but how is that illegal?

New poster: The company group plan is for the company's employees, not the owner of the company's owner's household employee. Everyone covered by the company group plan must be a current employee or a family member of an employee. These conditions are set by the health insurance company.

New poster: How does the IRS know? You could say the nanny was running a daycare service in the office. Illegal or not, it happens all the time in California.

If the insurance company finds out, they could refuse to cover the nanny's claims. It does not happen "all the time" here in California. You hang around a bunch of cheaters.