We have an S-Corporation. The company pays for health insurance. Is it ok for the company to also reimburse copays or deductibles paid to doctors or pharmacies?

ANSWER

Expert Wray Rives's Answer:

Yes it is ok for the S-corp to pay the co-pays and/or deductibles; however, any amounts paid will be taxable income reportable on a W-2 just like the health insurance premiums.

Wray Rives, CPA

Texas

29 yrs experience

Currently 4.8333/5 Stars.
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We have an S-Corporation. The company pays for health insurance. Is it ok for the company to also reimburse copays or deductibles paid to doctors or pharmacies?

Wray Rives, CPA

Accounting

Business Tax

Personal Tax

Business Finance

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