(DENVERPOST) — Look closely at your new W-2 form this tax season. Notice Box 12 and the two-letter code DD.
If you work for an employer with 250 or more workers, information in that box for the first time is required by the Affordable Care Act. It tells how much you and your employer spent on your health insurance premiums.
“It’s going to be an eye-opener for a lot of people,” said Jerry Nebbia, a health benefits expert in Mercer’s Kansas City, Mo., office. “A lot of people have no idea what the true cost is.”