No, you don't. All you need to do is add the S-Corp Health Ins. pay type and amount, and then go up to payroll settings (in the gear icon), and down to Accounti...
To show the health insurance premium on the W2, you have to go to the employee area in QBO and under Pay Types, Additional Pay Types (at the bottom of the page)...
For the health insurance premium to show on the W2, in the employee settings in QBO, under "Pay Types", and under "Additional Pay Types", select S-Corp Owners H...
The question in this thread was asked several times, without a good explanation, about why the S-Corp owner's health insurance premium isn't included in the net...