So, how much is line DD on your W-2? (1 Viewer)

[tonydead]

Floored that some of these are in the $20k range.

Same, after company spouting off as if we have the best plan possible.  Wonder what my number would be if I had 3+ kids.

 

[Fat Nick]

Same, after company spouting off as if we have the best plan possible.  Wonder what my number would be if I had 3+ kids.

I think it can be misleading.  We (wife and I) did a deep-dive into our benefits for our respective companies, and found that my company's benefits were considerably better than hers.  She works for a company known for being good to their employees, so we fully expected her company to be much better, but it wasn't.  I guess it could be driven by 3 things - Plans that fund things via % of salary would have high payment as you make more...plans that flat out suck could be low because better benefits aren't offered, and plans that are expensive would be, obviously, high.

Is this JUST healthcare related?  Or is it non-taxable, employer funding of anything?

 

[tonydead]

Is this JUST healthcare related?  Or is it non-taxable, employer funding of anything?

Not sure, google says this:

The reporting in Box 12, using Code DD, of the cost of employer-sponsored health coverage is for your information only. The amount reported with Code DD is not taxable. This amount represents the total of the employee and employer contributions to your medical plan.

If you add up all my heath care, vision, dental, life and disability you get a number close to my DD but not exactly.

 

[tonydead]

Is this JUST healthcare related?  Or is it non-taxable, employer funding of anything?

Wait, I finally got totals that matched.  It is medical only and is the sum of both employer and employee contributions (includes both pre and post taxed money).  Sum of total contributions to your medical plan.

For most people it is pre-tax on your paycheck and line DD is non-taxable at tax time too apparently.  

 

[Fishboy]

18,878.88

family of 4

 

[matttyl]

Mine is a little over 16k, my wife's is only 4k.  My wife is covered under my insurance, should her's be 0.00?

You sure you're reading of line DD and not D.  DD is health insurance related, while line D (possibly line 12a) is 401(k) amount.

 

[matttyl]

12a?

$12,400, two people.

No, line 12a is 401(k) (or other retirement account) related.  12b (with a "DD" in front of it) is what I was after here.

 

[matttyl]

If you add up all my heath care, vision, dental, life and disability you get a number close to my DD but not exactly.

life and disability shouldn't be counted in that number.  Vision and dental may be, it's optional to the employer if they want to include those or not.

 

[tonydead]

No, line 12a is 401(k) (or other retirement account) related.  12b (with a "DD" in front of it) is what I was after here.

The lower case letters have no meaning and are just line labels.  You have to go by the code, capitol letters.  They can be and are in different order depending on how your employer inputs it.

 

[top dog]

$23,869.68

Family of 4.  100% employer paid Insurace.  

Edited to add plan details.

$300 per person deductible.  90/10.  $15 Office visit copay.  $25 ER copay.  Must pay for prescriptions upfront but get reimbursed all but $20 for generic, $40 for non-generic.

 

[tonydead]

life and disability shouldn't be counted in that number.  Vision and dental may be, it's optional to the employer if they want to include those or not.

They aren't.  Total medical only contributions from employer and employee.  I guess mine chose not to include dental and vision.

 

[matttyl]

They aren't.  Total medical only contributions from employer and employee.  I guess mine chose not to include dental and vision.

Most don't.  Would be more work if the dental and vision coverage is with a different company. 

 

[matttyl]

The lower case letters have no meaning and are just line labels.  You have to go by the code, capitol letters.  They can be and are in different order depending on how your employer inputs it.

Yes, this is correct.  Mine and my wife's both had line D in 12a (retirement contributions) and then DD in 12b (health insurance premiums).  There can be other capitol letter codes there also for different things, I think most W-2s have a,b,c,and d lines in box 12. 

 

[Pipes]

Just the employer portion. 

No it's the employee and employer portion.  It's the entire cost of the plan.

 

[matttyl]

No it's the employee and employer portion.  It's the entire cost of the plan.

Correct, I was initially mistaken on that part (though it's all pre-tax dollars).  What I meant is that it doesn't include any out of pocket expenses that the employee may have, or any HSA contribution that the employee makes.  I've corrected it above, thanks.

 

[rascal]

16911

What is D?  And then block 14 V and Y?

 

[matttyl]

16911

What is D?  And then block 14 V and Y?

D is 401(k) - or other retirement account contributions. 

Block 14 V is "other non taxable health benefits" (could be HSA contributions not counted elsewhere, or maybe flexible spending accounts)

Block 14 Y is "non-taxable flexible spending accounts".  I'll likely have $5k in there for this coming year due to a "dependent childcare flexible spending account" I signed up for.  With one, you can deduct up to $5k of child care expenses per kid.

 

[Don't Noonan]

Mine is a little over 16k, my wife's is only 4k.  My wife is covered under my insurance, should her's be 0.00?

Wait a minute, you are married?

 

[Brony]

23,000 for family of four.  

 

[Spin]

18130.56 for myself, wife and two kids.

 

[matttyl]

I'm still blown away that so many of these are in the $20k range. 

 

[AAABatteries]

15,283

Family of 6.

 

[BowieMercs]

600

 

[shuke]

$18,000. 

Family of 3.

I already went from getting a nice refund to having to add additional withholding dollars to avoid owing a ton at tax time.  I f-ing hate taxes.  Looking at my W-2 just makes me sad because it quantifies how much gets withheld, and that's STILL not enough.

What changed?

 

[MaxThreshold]

Is there a box that shows the $2500 we were promised to be SAVING each year?

 

[Pipes]

I'm still blown away that so many of these are in the $20k range. 

Healthy insurance is expensive especially for family coverage.

 

[renesauz]

19 thousand and some....wife and 4 kids included

 

[AAABatteries]

So, the lower the DD number the more our company is a rat *******?

 

[FUBAR]

$18,000. 

Family of 3.

I already went from getting a nice refund to having to add additional withholding dollars to avoid owing a ton at tax time.  I f-ing hate taxes.  Looking at my W-2 just makes me sad because it quantifies how much gets withheld, and that's STILL not enough.

Yup, me too.  

Look at Richie riches over here

 

[eoMMan]

Looks like our DD is about $14,200. 

That's for two people....my wife and I.

So insane.

 

[James Daulton]

$19k for me, family.

And I work for a large self funded corporation that uses Carefirst as it's administrator.  So I can't blame higher insurance rates for the significant dollars.  It's almost entirely the poor health habits of the 50k people that work for the company. 

 

[belljr]

Got my refund in 7 days!!

 

[sublimeone]

Many are.  Do you know why?

I own the business.. We run our payroll through Intuit - we probably didn't enter the info into the payroll system. 

 

[flapgreen]

Don't know.  My wife does the taxes

 

[flapgreen]

Got my refund in 7 days!!

Hoping that for us! 

 

[Psychopav]

$25,423, family of 6. 

 

[Cripster]

If I am not mistaken, it's optional reporting for companies who issued less than 250 w2s in the prior year. So if you work for a small company, it may not show up, and that's okay.

 

[worrierking]

$11,400. Just me on the plan. Does this number have anything to do with the Cadillac tax, which was passed as a way of making Obamacare appear to be budget neutral but never enforced?

 

[Johnny Rock]

One positive to showing employees this is it allows them to see some of the benefit compensation that many don't quantify. 

 

[Binky The Doormat]

Don't have a line DD on my monthly pension statement - but paid $11,298 out of my pocket this year for a family of four (inc. eye and dental) ...and no longer pre-tax.  

Company no longer pays, but I do stay in the company program's discounted rates.  

It doubled from around $5K out of my pocket (pre-tax) to $10K when retired and the Company was no longer contributing.  And has increased about $1K per year since then.  

 

[Johnny Rock]

$23,627 for me and 4 kids. Wife's employer doesn't report.

 

[MikeIke]

$22,543 here for a family of 4. Ridiculous. 

Even more ridiculous is that a certain segment of government wants to tax that as income. 

 

[MikeIke]

One positive to showing employees this is it allows them to see some of the benefit compensation that many don't quantify. 

That's one way of looking at it. 

Another way would be to say that it shows just how out of control health care costs have become and if we could get them under control,  then individuals and companies would both benefit. 

 

[Bottomfeeder Sports]

I'm still blown away that so many of these are in the $20k range. 

Not many $100 a month real world policies.

 

[Nugget]

DD was 8432.  High deductible plan

Family of 4 for 9 months, wife switched to her works plan in October.

HSA contribution was 5400.

 

[SteelCurtain]

$28,391.64.

Family of 4

 

[FUBAR]

If I am not mistaken, it's optional reporting for companies who issued less than 250 w2s in the prior year. So if you work for a small company, it may not show up, and that's okay.

We have significantly more than 250 employees and it's not on ours.

 

[matttyl]

I own the business.. We run our payroll through Intuit - we probably didn't enter the info into the payroll system. 

Do you offer health benefits there?

 

[The Commish]

$10,340

ETA:  That's for me and two kids.  Wife had $5513 in hers.

 

[matttyl]

Not many $100 a month real world policies.

Funny you use that number, I had one of those policies (individual, grandfathered) up until recently.  Well, it was like $130 or so - a year or two ago it was down just over $100.

Huge difference between $100 a month (your example) and ~$1,700 a month.