I currently have an S-Corp, of which I am the only employee. As of this year, I started purchasing my own health insurance through healthcare.gov. In previous years, my wife and I were insured through her employer.
From my initial research, it appears that I can only deduct health insurance if it is purchased by my corporation. It looks like in some states, it is possible to purchase insurance and have the corporation reimburse the costs. It's not clear to me what the criteria is for this, and whether I qualify in Illinois.
Is it a common practice to purchase insurance through a single-employee S-Corp? Can I reimburse my premiums for this year if I have already paid for them (in my own name, not the S-Corp)?