I'm a new partner in a physician group that has a health plan option that's over $500 per month for just my coverage, however would be tax deductible as a business expense.
My wife works for another group that allows a spouse to be added to their health plan which is better in almost all aspects of coverage, total additional cost of $123 per month. This is deducted from her paycheck automatically after tax.
If I reimburse her for this expense am I still able to claim this $123 of health care premiums as a business expense? If not the difference between the two insurance options narrows quite a bit, especially since my group includes an HSA option with the plan while hers does not.
My wife works for another group that allows a spouse to be added to their health plan which is better in almost all aspects of coverage, total additional cost of $123 per month. This is deducted from her paycheck automatically after tax.
If I reimburse her for this expense am I still able to claim this $123 of health care premiums as a business expense? If not the difference between the two insurance options narrows quite a bit, especially since my group includes an HSA option with the plan while hers does not.
Comment