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[Post New]03/27/2020 19:34
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Anonymous
How to go about contributing to nanny’s health insurance premium? Can we just pay cash or is there a right way of doing this and it not getting taxed.

TIA!
[Post New]04/19/2020 20:03
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Anonymous
Bump. And what is a common insurance stipend?
[Post New]04/19/2020 22:37
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Anonymous
There are so many threads about this...

To answer your questions: Different employers do different things.

Some do nothing, others will pay all of the very best policy. Most fall into nothing or very little; better nannies expect at least 50% (unless they’re covered by their spouse’s insurance). Method of payment varies from a special payment to nanny monthly, nanny running household card or payment sent directly to the insurance company.
[Post New]04/20/2020 06:31
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Anonymous
My family write me a separate check once a month to cover my insurance. They write in the memo line " health insurance" and its not taxable.
[Post New]04/20/2020 07:38
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Anonymous
A stipend for health insurance is taxable income. You may want to try a QSEHRA which is tax-free for contributions and deductions.
https://gtm.com/household/benefits-insurance/qsehra/
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