Quick Read: To Open Eyes, W-2s List Cost of Health Plans
The goal here is to make the average person more cost conscious. Policy types have long said that people think they’re getting health insurance for free. But employers are likely to be paying lower wages because they provide insurance.
WASHINGTON – As workers open their W-2 forms this month, many will see a new box with information on the total cost of employer-sponsored health insurance coverage. To some, it will be a surprise, perhaps even a shock. Workers often have little idea how much they and their employers are paying for coverage.