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How do you post journal entry for employee health insurance paid by employer?
Wiki User
∙ 9y ago
debit employee health insurance
credit cash / bank
Wiki User
∙ 9y ago
Add your answer:
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Code DD in box 12 of Form W-2?
the cost of health insurance provided through your employer
Is inssurance an administrative expense?
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Employers incur operating costs for which payroll taxes?
Besides salaries and wages earned by employees, employers incur costs for various payroll taxes, including the employer's share of Social Security and Medicare, workers' compensation premiums and unemployment insurance. Often they also incur costs for certain employee benefits, including health insurance and post-retirement benefits. All in all, additional payroll related costs can amount to 30% to 40% of wages and salaries. Call 888-924-1776 for more information about payroll related operating costs.
What is accounts payroll?
Payroll is one of a series of accounting transactions dealing with the process of paying employees for services rendered, after processing of the various requirements for withholding of money from the employee for payment of payroll taxes, insurance premiums, employee benefits, garnishments and other deductions. It's a fact of business-if a company has employees, it has to account for payroll and fringe benefits. Payroll Accounting includes items such as: * salaries * wages * bonuses & commissions to employees * overtime pay * payroll taxes and costs ** Social Security ** Medicare ** federal income tax ** state income tax ** state unemployment tax ** federal unemployment tax ** worker compensation insurance * employer paid benefits ** holidays ** vacations ** sick days ** insurance (health, dental, vision, life, disability) ** retirement plans ** profit-sharing plans Many of these items are subject to state and Federal Laws; some involve labor contracts or company policies.
Where can I get software for insurance companies?
Since 1979, United Systems and Software, Inc. has provided insurance software solutions for some of the largest names in the insurance industry. Our full line of Insurance Administration Software Systems and Solutions can be tailored to meet the needs of a wide range of organizations including Insurance Carriers, Third Party Administrators (TPA), Trade Associations, Self-Insured Funds and Trusts, Fraternal Organizations, Health Plans, Labor Unions, Employee Benefit Funds and Claims Processors. Http://www.ussincorp.com
Can an employer require and employee to get health insurance?
YES
Can an employer force an employee to use their company health insurance as the employee's primary insurance when the employee already has very good insurance?
No, They can not
Is it illegal for an employee to go outside the employer for health insurance if the employer offers it?
Only if the employee is illegal. then fire him.
Can an employee receive money instead of health insurance?
If an employer has the agreement that the employee receives money for a health insurance savings account or some other plan, they can receive money. It is up to the employer whether they want to directly compensate the employee or provide insurance.
Can a employer charge a employee for health insurance they don't want?
NEVER
If an employer offers health insurance to one employee must they offer to all?
yes
Can a employer deny a full time employee health insurance?
An employer can choose not to pay for health insurance for any employees but can not discriminate by paying for some employees in a qualified class and not others.
Is your employer allowed to bill your health insurance for their mandatory drug test?
Yes, they can. Under federal law, an employer can require you to pay for the mandatory drug test. As long as having the employee pay does not have the effect of discouraging minority job applicants or lowering the employee's wage below the federal minimum, the employer can charge you for the test. Billing your health insurance is a form of billing you, even if your health insurance is from your employer.
Can employer allow health insurance to lapse without advising employee?
AnswerCan they? Yes. Should they? No.
What can you do if your employer does not pay the health insurance on time and the insurance is dropped?
we should see wether the employee has any cobra benifits....
What has the author Beth C Fuchs written?
Beth C. Fuchs has written: 'Mandated employer provided health insurance' -- subject(s): Employer-sponsored health insurance, Health Insurance, Insurance, Health, Law and legislation, Medically uninsured persons 'Private health insurance continuation coverage' -- subject(s): Continuation coverage, Health Insurance, Insurance, Health, Law and legislation, Legislative history, United States 'Taxation of employer-provided health benefits' -- subject(s): Employee fringe benefits, Health Insurance, Insurance, Health, Taxation
Can employer cancel health insurance upon termination?
Technically employer should inform the insurance company when they terminate any regular employee. Then insurance company will give 31 days window after termination date. That way, the emplyee could able to change their insurance either to new company benefits program or convert to individual health insurance. The employer can't terminate your group health insurance.
