1337. Does group-term life insurance count as wages?
The employer's cost (premiums) for group-term life insurance that exceeds the cost of $50,000 is considered wages for Social Security purposes beginning January 1, 1988.
Last Revised: March, 2001
Not affiliated with the US Social Security Administration
Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at ssa.gov.
The employer's cost (premiums) for group-term life insurance that exceeds the cost of $50,000 is considered wages for Social Security purposes beginning January 1, 1988.
Last Revised: March, 2001
Not affiliated with the US Social Security Administration