S Corp Fringe for LTC Premiums

[Randall]

Client says his health insurance agent insists that his LTC premiums are deductible on his S Corp return.  Am I missing something?  Unless there's some kind of benefit plan set up (and I would think it would have to include other employees), I'm thinking this is just his personal LTC insurance policy.  1040 Sch A.  Ky does give a direct deduction. 

[Lee B]

Someone been drinking a little too much Jim Beam

[Ringers]

Under the old rules where shareholder health insurance could be paid by the S-Corp, shown on the shareholders W-2 as wages not subject to FICA, and then deducted on the shareholder's 1040 as SE Health Insurance, the rules for what constituted health insurance premiums did include LTC premiums.  that is perhaps what the client is referring to.