Just to clarify, the insurance policy is not in the s-corps name. It is in my name. I understand the pros/cons of the two options. I have to do some calculations to determine which one is fiscally better. I just want to confirm whether my s-corp can reimburse me for the my share of the premium/taxes (total costs) for the coverage through my partner's company or not. Since I can be reimbursed for the policy I already have in my personal name, the question is, can I be reimbursed for the the costs associated with alternative policy. I believe this is new unchartered territory so I want to see if the IRS has made a determination for this scenario. My partner is a high incomer earner so the taxes on the benefits may be higher than the benefit I get from keeping and deducting my own policy. That is why I have to look at all the details in the calculation. Again, really appreciate your insight 🙂
