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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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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posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date.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

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.


More resources:

editorial: "Taxation of Health Insurance for S-corporations"