Can a single member LLC s Corp owner with them being the only employee have a personal health insurance plan that the s Corp pays for that cover's spouse and children? Or must the plan only cover the owner\employee?
Hi! Very helpful! However, in my case, the company has employees who contribute 50% towards the insurance, and we treat it as a cafe 125 plan. We gross up the total amount of insurance for s corp owners (2 of them). Is it correct? Do we have to gross up only 50%, and do we have to deduct another 50% as a post deduction from owners? Please let me know how I can reach out to you with questions. I really appreciate any help you can provide.
