Overview
"Health Plans" is an umbrella term that covers a few topics.
The articles linked below break down each of these topics, how they apply to your S Corp, and how to set them up (or not) in Gusto and QuickBooks.
Health Plans
Not Allowed for S Corp Owners
The following expenses can't be listed as expenses on your S Corp's Profit and Loss Report, but check with our tax team to see if they can be listed on your personal tax return.
Flexible Spending Account (FSA)
Dependent Care Account (DCA)
Health Reimbursement Arrangement (HRA)
Note: Health insurance premium payments to COBRA obtained from a previous W2 employer can not be run through the S Corp and reported as self employed health insurance.