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Last year my husband and I got BC/BS, paid in our personal names, not the company (a sole proprietorship). It's a 4 person HMO that costs us about 660.00 a month. I just did my taxes and my accountant explained it like this: If you pay the insurance premium privately (not through your company, or in your company's name), it counts as an unreimbursed medical expense and the full amount comes directly off of your gross income, thereby reducing your AGI. If you have the policy through your company, it counts as a company expense and is deducted as such. I can't vouch for the validity of this info as I'm not in the accounting business. However, my accountant is very conservative and very good, we've been using him for over 15 years. So I trust what he says.

Hope taht helps at least a little.
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