Forum Discussion

Grasshopper72's avatar
Grasshopper72
6 months ago

Helath Insurance

Hi,

 

Two directors are going to be paying their health insurance through the business.  How would I set this up?. and process each month.?

  • Shella_A's avatar
    Shella_A
    MYOB Staff
    6 months ago

    Hi @CATHDON72,

     

    Thanks for your post.

     

    Generally, the process would involve setting up a recurring payment system where the business pays the health insurance provider directly for the directors' health insurance premiums. The specifics of this process can vary depending on the health insurance provider and the payment systems used by the business.

     

    Given the complexity of this process and the potential tax implications, it would be best to consult with a financial advisor or accountant to ensure everything is set up correctly. They can provide guidance tailored to your specific situation and ensure that all actions are compliant with local regulations and laws.

     

    Feel free to reply if you need further help. I also recommend getting in touch through our online help center, MOCA, whenever you need immediate assistance.

     

     

    Kind regards,

    Shella