mniccola
New Member

Can my husbands S corp "pay" his health insurance premiums for tax break? He has 100 shares with only 1 employee/himself. I am listed only as an officer with 0 shares.

IRS states a Scorp needs 2 or more employees to purchase insurance on the Healthcare Exchange. I did find this article on the IRS website: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical...

Towards the bottom of the page where it says in RED BOLD: "FEWER THAN TWO PARTICIPANTS WHO ARE CURRENT EMPLOYEES EXCEPTION" 

It looks like the company can pay for my husbands health insurance premium that's in his name and take it as a deduction?
Only 2 people are listed as officers in the company (my husband and myself), but my husband has 100% share ownership in the company. I have my own insurance (Medicare) because I am disabled.

Thank you for your help.