Comments on: Can I reimburse myself health insurance costs from my company? http://my-health-blogs.com/can-i-reimburse-myself-health-insurance-costs-from-my-company/ Fri, 10 Sep 2010 03:28:59 +0000 http://wordpress.org/?v=2.6.3 By: taxreff http://my-health-blogs.com/can-i-reimburse-myself-health-insurance-costs-from-my-company/#comment-20 taxreff Wed, 04 Jun 2008 15:47:11 +0000 http://my-health-blogs.com/can-i-reimburse-myself-health-insurance-costs-from-my-company/#comment-20 Once again, VB gives the correct answer. While the IRS has recently expanded the definition of the "established in the company name" standard, since the policy comes from your husband's employer it still does not qualify. As a side note, officer health insurance cannot be directly deducted by an S corporation for more than 2% owners. There is a convoluted method used to get the deduction, but again you would not qualify. Once again, VB gives the correct answer. While the IRS has recently expanded the definition of the “established in the company name” standard, since the policy comes from your husband’s employer it still does not qualify.

As a side note, officer health insurance cannot be directly deducted by an S corporation for more than 2% owners. There is a convoluted method used to get the deduction, but again you would not qualify.

]]> By: v b http://my-health-blogs.com/can-i-reimburse-myself-health-insurance-costs-from-my-company/#comment-19 v b Tue, 03 Jun 2008 22:32:04 +0000 http://my-health-blogs.com/can-i-reimburse-myself-health-insurance-costs-from-my-company/#comment-19 No. The insurance through your husband's employer does not meet the test of having been established through the S-corp. No.
The insurance through your husband’s employer does not meet the test of having been established through the S-corp.

]]>