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Can I Reimburse Myself Health Insurance Costs From My Company?

Question by Jackie S | Posted in United States

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.
 
 

What Can I Do To Reduce Insurance Costs For A 2nd Car (something Nippy!) If My No Claims Is On My Other Car?

Question by leo.stembridge | Posted in Insurance & Registration

Ive used the no claims bonus on the insurance on the new family car but now want a 2nd car for myself. My insurers wont insure the type of car im after, so how can i reduce the insurance costs with another insurance company?

Answer: i dont think you can . the best thing to do may be to switch insurance companies . or tell your current one that your thinking of leaving to go to one that will insure the new one and see what they will offer you

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Does Getting A Motorcycle License Increase Life Insurance Costs?

Question by KN | Posted in Motorcycles

I plan on finally (waiting for years) obtaining a motorcycle license this coming summer. I have little experience on the bike but plan to take the msf basic riding course and will be fully geared / have motorcycle license. My question is: will having a motorcycle license increase the monthly costs of life insurance? I have yet to get a policy, and I was wondering whether getting life insurance before my license would make a difference or not. Thank you

Answer: No, it does not. But, smoking does.

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Would It Have Been Better If Obamacare Had Never Passed And Health Insurance Costs Spiraled Out Of Control?

Question by Nancy Pelosi 2016 | Posted in Politics

If private health care costs had continued to go up and up and up, then eventually most Americans would have to choose between groceries and health insurance --- and obviously, they'd go with groceries.

And we'd eventually reach a critical mass where the majority of Americans didn't have health insurance.

Once that happened, the majority would vote for Universal Health Care and the private health-care industry would have collapsed overnight.

Answer: the United States is the ONLY country in the west without universal health care and they also pay the MOST. It makes no sense.

Also, I don't get how those tea party people bitch about losing their 'freedom' when they live in a country with the highest incarceration rate in the word so clearly not free to being with.

If they want a cause, what about the police state the US has become?

universal healthcare = 45, 000 + lives saved each year but they'd rather spend trillions of dollars murdering innocent people in the Middle East. -.-

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If Me Not Having Insurance Costs U Money, How Does Others Dropping Out Of School Not Cost Us All Money?

Question by Slick | Posted in Politics

According to the argument for mandatory healthcare, those who drop out of school should be required to pay into an insurance to protect the rest of us from paying their welfare...No?

Answer: You are correct that having kids drop out of school is bad for the economy, and that is why education until a certain age has been compulsory in the United States since before Lincoln was President.

If you want to discuss raising the age for compulsory education you might have a point.

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The Right Texas Insurance Agent Can Help You Lower Business ...

by z

For many clients of Texas Auto Home Insurance, business insurance costs are going down. We make no guarantees to any business insurance client that costs can be lowered, but we do promise to every client and potential client that we overturn every stone, so to speak, before we give a final yes or no answer to the question. Let us clearly state as well that this is NOT due to an industry or statewide decrease in business insurance costs. Insurance costs have always represented substantial overhead to companies of all industries throughout the state. Business insurance costs are a necessity, not a luxury, and often perceived as highly unpleasant by entrepreneurs....

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