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Author: glennandpaige Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 14985  
Subject: Re: Health insurance tax deduction Date: 11/19/2005 10:03 AM
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My husband and I run a company together (technically it's his, I work for free.). We are not incorporation, sole prop. We have a health plan with BC/BS, which we do pay dearly for but not through our company. Because it technically has only one employee, it was actually cheaper to buy a private plan. The good thing is that this comes off our taxes as a direct medical expense, which seems to work out better than having just the deduction. Check it out with an accountant, but it's worked out well for us.
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