I'm a partner with my wife in an LLC, but I also have my fulltime career job, which currently provides our health insurance. I'm hoping to retire by the age of 62 and then use COBRA for the first 18 months and then my company permits me to purchase the companies health insurance until I reach 65 and qualify for Medicare. I've spoke with a few retirees and they have mentioned this has proven to be the best approach compared to ACA. Of course everyone's situation is unique.
As a partner in the LLC would we be able to deduct the COBRA premium and then the cost of the company's insurance from the profits of the LLC? I do not receive the company's insurance in retirement, but rather have to purchase it until 65 if I choose.
As a partner in the LLC would we be able to deduct the COBRA premium and then the cost of the company's insurance from the profits of the LLC? I do not receive the company's insurance in retirement, but rather have to purchase it until 65 if I choose.
Statistics: Posted by RetireWhen — Thu Sep 11, 2025 11:49 am — Replies 7 — Views 820