supplemental insurance

Laura1980 · ‎February 03, 2023

I do books for a client and now they want to pay part of the supplemental insurance for their employees. How do i add that in the paycheck ? Better yet is that suppose to go on the paycheck at all ?

It's my understanding that it should , since the employee is paying 50% of the premium and the employer is paying the other 50% of the supplimental insurance premium , ( AFLAC for example.) So should i open two payroll items :

1. Alfac Supplemental Ins. EE portion hitting the payroll liability account

2. Aflac Supplememtal Ins. ER portion hitting the expens account

And include them both in the paycheck ?

My concern also is , if this items are entered would it show anywhere in W-2 form at the end of the year ?

Thank you ,

Daniela_A · ‎February 03, 2023

Help is here @Laura1980.

Yes, you are right. You may need to add a payroll item for the employee's health insurance plan and the company's contribution. And with regard to your AFLAC, you will have to seek for accountant or any professional financial advisor to accurately track and address them.

Take note that after you create a payroll item, make sure to have them added to your employees' profile, doing so will automatically add them to their paycheck when you run payroll. Furthermore, your payroll items reflect on W-2 depends on their tax tracking type. Since your EE payroll was set up with tax tracking type, then this will show on W-2. On the other hand, ER contribution is set none thus this won't reflect on W-2 at the end of the year.

Please refer to this article on how to set up and manage payroll items for your insurance benefit plan in QBDT: Set up and manage payroll items for your insurance benefit plan.

This thread is still open if you need more help in accomplishing your other pending tasks. Please don't hesitate to tag me in your comments and posts. Have a good one!

View solution in original post

Daniela_A · ‎February 03, 2023

Help is here @Laura1980.

Yes, you are right. You may need to add a payroll item for the employee's health insurance plan and the company's contribution. And with regard to your AFLAC, you will have to seek for accountant or any professional financial advisor to accurately track and address them.

Take note that after you create a payroll item, make sure to have them added to your employees' profile, doing so will automatically add them to their paycheck when you run payroll. Furthermore, your payroll items reflect on W-2 depends on their tax tracking type. Since your EE payroll was set up with tax tracking type, then this will show on W-2. On the other hand, ER contribution is set none thus this won't reflect on W-2 at the end of the year.

Please refer to this article on how to set up and manage payroll items for your insurance benefit plan in QBDT: Set up and manage payroll items for your insurance benefit plan.

This thread is still open if you need more help in accomplishing your other pending tasks. Please don't hesitate to tag me in your comments and posts. Have a good one!

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