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Can Health Insurance be paid out of business funds?

As a new owner operator leased on to a carrier, is it ok to pay for health insurance out of business funds? Set up as LLC, S Corp. Also, accident insurance?

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Yes, I am a Nebraska Inc. S corp, I have the premiums taken from the trucking checking account. Then at tax time it is added onto my W-2. Check with your accountant, rules change yearly. Most often, health insurance premiums are tax exempt.

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Thank you! Great help as we are getting things set up for our first trip to the accountant. Good to get an answer from someone who knows from experience.


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Jeff will be eternally grateful.
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