Finance
An Update: 2023 Health Insurance for S Corporation Owner
Here’s the latest update on health insurance developments for S corporation owners in 2023. As an S corporation owner with over 2% ownership, you can expect some positive news regarding your health insurance. To ensure that you comply with the Affordable Care Act (ACA) regulations and avoid the $100-a-day penalties, follow these steps: For regular employees, S corporations aren’t required to provide health insurance benefits. However, if they do, they must use an acceptable ACA plan, such as the qualified small employer health reimbursement arrangement (QSEHRA) or individual coverage HRA (ICHRA). The S corporation can reimburse more-than-2-percent owners for individually