There is a lot of mis-information out there about Health Insurance being taxable……..
Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that’s a private concern or governmental body of some sort.
That is correct however, it is NOT taxable will not increase your tax one bit. It is just a display thing to show the total compensation an employee receives but it is not taxable
BUT, since the reporting requirement will be in place, it could very well be taxable, or a portion of it taxable in the future but not in 2011.