Covered by spouse's HSA
originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.
Q: I read the new IRS publication you mentioned on the tax treatment of health insurance for S-corporation owners. I am an s-corporation owner but I am also covered by my spouse's health savings account from her employer. Does that affect the tax status of my health plan?
A: This is only one topic not covered by IRS Headliner Volume 163 that was issued on May 15, 2006. See the editorial link below for this and several other issues not covered and an explanation of the approach that is suggested. Because of the number or factors that could possibly affect the tax result, it is best to get an individual opinion than to rely on a general public forum like this. It would be silly to address one issue and ignore others that would change the result.
Summary
More resources:
editorial: "Taxation of Health Insurance for S-corporations"