If you own your own business, can you write off your health benefits package expenses for taxes?

You can take a deduction for every ordinary and necessary business expense. Health insurance is one of them.

Generally yes. If your business is a sole proprietorship, partnership, or S corporation, your health insurance expenses are deducted on your personal tax return. If your business is a C corporation, the corporation deducts the cost as long as the company provides equivalent coverage to any employees that you have. Your ability to deduct other health related benefits depends on the type of entity that conducts your business, the types of plans you have, and whether similar benefits are provided to employees. Health savings accounts are a good way to be able to effectively deduct co-pays and out of pocket medical expenses. Flexible spending accounts generally would be available for you only if the business is a C corporation.