in early 2002 i was laid off and rolled over onto my husbands insurance policy where he works. we were receiving family coverage and assumed everything was fine. last week, my husband was called into his bosses office and told that there was an accounting error and that for the past year, they had only been deducting for single coverage and not family coverage and that since we received family coverage that we owe them close to $7k!! We obviously do not have that kind of money laying around so they made a deal with my husband that he could trade this years vacation (2 weeks) to cover this amount. He accepted that deal but they offered him nothing in writing.
Here are my questions:
Can his employer do this? The accounting mistake was on their end...it was not anything we had anything to do with....can they come back on us like this?
Since we have two small children who had A LOT of medical bills this past year, we would like to be able to include this extra money they are taking from him (the vacation day trade) in our itemized taxes. I spoke to the accountant and he said that it will not be classified as medical premiums - even though they are collecting it for medical premiums so we can not do that. Can this be? How can they ask for money for medical premiums that they are not applying to medical premiums?
Any advice would be greatly appreciated!!!
Thank you!!!
Here are my questions:
Can his employer do this? The accounting mistake was on their end...it was not anything we had anything to do with....can they come back on us like this?
Since we have two small children who had A LOT of medical bills this past year, we would like to be able to include this extra money they are taking from him (the vacation day trade) in our itemized taxes. I spoke to the accountant and he said that it will not be classified as medical premiums - even though they are collecting it for medical premiums so we can not do that. Can this be? How can they ask for money for medical premiums that they are not applying to medical premiums?
Any advice would be greatly appreciated!!!
Thank you!!!