Can I reimburse myself health insurance costs from my company?
We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband\'s employer, I stopped reimbursing myself.
He is paid for by the company, and then it costs extra to add myself and our child. I was just going to deduct health insurance premiums on our Sch A, but we don\'t have enough other medical expenses to meet the limit. Is it ligit to go ahead and reimburse myself the amount that it cost for the health insurance? Then it would be a business expense. Thanks.
Answer :
No. The insurance through your husband\'s employer does not meet the test of having been established through the S-corp.
Source : http://answers.yahoo.com/question/?qid=20080105170656AAb5nX0
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