What is the amount listed in box 12DD?
Due to the guidelines within the PPACA (Patient Protection and Affordable Care Act) we were required to report the cost of health care coverage provided to employees under our employer-sponsored group plan. The total amount reflected includes the portion of the cost paid by Faulkner as well as the cost charged to you. For Faulkner, we are only required to report the medical costs (dental, vision, or other insurance you have payroll deducted is not included).
Keep in mind we are self-funded which means Faulkner also pays for your claims. This is an additional cost that Faulkner has but is not included in the total reflected on your W2 based on the PPACA guidelines for this calculation.