---- How do you know when to Incorporate, and, is it necessary?
LifeinAsia - 3:47 pm on Apr 6, 2006 (gmt 0)
The problem with a corp paying the bosses health insurance is that plans can't discriminate. I decided it was cheaper to pay my own personally than to include a whole bunch of parttimers who really didn't care about it anyway.
Yes, I didn't qualify that. I meant to specify that in the situation where you don't have any employees, it's much better to have the corp pay health insurance/medical expenses.
Also, most plans will allow you to specify that the insurance is only for full-time employees (or specify a min. number of hours worked per week or year) or employees with the company for a minimum amount of time. I do remember some legislation somewhere (don't remember if it was state or Fed level) requiring the same health beneifts for part-timers as well (but I think they had to work at least 30 hours/week?).