Anonymous
Post 12/13/2016 01:34     Subject: Re:Compensation of Nanny's Health Insurance

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 However, with the current political situation, she was worried that It would be repealed.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.
Anonymous
Post 12/12/2016 21:38     Subject: Re:Compensation of Nanny's Health Insurance

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 However, with the current political situation, she was worried that It would be repealed.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
Post 12/12/2016 13:17     Subject: Re:Compensation of Nanny's Health Insurance

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
Post 12/04/2016 15:19     Subject: Re:Compensation of Nanny's Health Insurance

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
Post 12/04/2016 10:43     Subject: Re:Compensation of Nanny's Health Insurance

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
Post 12/04/2016 03:54     Subject: Re:Compensation of Nanny's Health Insurance

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
Post 12/03/2016 15:47     Subject: Re:Compensation of Nanny's Health Insurance

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
Post 12/02/2016 16:18     Subject: Compensation of Nanny's Health Insurance

We just agreed to a set amount each month.
Anonymous
Post 12/02/2016 11:49     Subject: Compensation of Nanny's Health Insurance

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
Post 12/02/2016 10:21     Subject: Compensation of Nanny's Health Insurance

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
Post 12/02/2016 09:43     Subject: Compensation of Nanny's Health Insurance

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!