Health insurance for a more-than-2% S corporation shareholder has special rules. Qualifying premiums generally require appropriate employer and W-2 treatment for the owner to pursue the self-employed health insurance deduction.

Buying a policy personally does not settle the reporting issue. Coordinate reimbursement, payroll reporting, and personal-return eligibility before year-end.

Your next steps

• Identify shareholder ownership percentage.
• Review how premiums were paid or reimbursed.
• Coordinate W-2 reporting with your tax preparer.

General education, not individualized tax or legal advice. Illustrations use stated assumptions and do not promise a refund or tax saving.