Tax Treatment of Domestic Partner Coverage/Gross-Up Policy
Additional information on enrolling and the tax consequences of covering a domestic partner can be found on My Health.
If you're covering a domestic partner as described in "Eligible Dependents" in the Healthcare Participation section, there are tax implications of which you should be aware.
JPMorganChase is required to report the entire value of the medical coverage for a "Domestic Partner" as taxable (or "imputed") income to you and to withhold for federal, state and FICA taxes on the imputed income. The imputed income includes the amount that both you and JPMorganChase contribute toward the cost of coverage.
Please Note: If you certify that your domestic partner and/or your domestic partner's children are your tax dependents by calling 1-844-ASK-JPMC, you will not be subject to taxation of imputed income on the tax dependent's coverage.