Premiums paid for a partner are guaranteed payments: income to the partner and deductible above the line on the partner's return. How it works, what counts for the credit, and the one-partner-with-staff case.
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Two or more owners and no corporation: the partnership pays the premium or the partner does, and either way the deduction lands on the partner’s own return.
Premiums are set county by county and the credit is set by income, so no table can give a 1099 worker a final number. Enter your ZIP and a licensed agent prices every plan filed where you live against what you actually expect to earn.
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If the partnership pays a partner’s health premium, it is a guaranteed payment: deducted by the partnership, reported to the partner on the K-1 as income, and then deducted by the partner as self-employed health insurance on the personal return, up to the partner’s net earnings from the partnership. If the partner pays personally, the same deduction applies as long as the partnership’s policy or the partner’s own qualifies.
The partner’s share of partnership income (plus guaranteed payments) less half of self-employment tax and the health insurance deduction, plus the rest of the household. A partnership with a good year can carry a partner over $63,840 without any cash being distributed; the K-1 figure counts.
Partners are not employees, so an ICHRA or QSEHRA cannot reimburse them tax-free; the firm’s W-2 staff can be covered that way or with a group plan while the partners buy their own. Plans For Small Business covers the staff side.