So I just got my taxes completed, and did some searching on the net. Turbo Tax asked me where I got my health insurance. I clicked the box entitled at work, and all was good nothing further was needed.
I figured there would be an annotation on the W-2 that indicated this, but I did not notice anything. In my case, both myself and wife as well as some of our adult children are covered on her plan. All those that are covered should be indicated on her W-2. Even if some of the adult children are covered, they would not have access to our W-2, so that also seems to leave a gap. So my questions are:
- Is there something on the W-2 that I am missing?
- Is it possible for someone to just say they got HI at work to avoid the penalty?
- Is there some massive information exchange going on between the health care companies and IRS that involves SSNs that makes fraud on question 2 easier to detect?