Hi,
I am going to be in an interesting tax situation this year (and more or less the same next).
I am married, and have 2 kids and approximately 55000 pretax income total. I just took a new job which will pay us a flat sum of 7200 for health care costs instead of providing health coverage. I am wondering about the optimal way of handling our healthcare for tax purposes. I am currently assuming that after adjustments both kids will qualify for medicaid (52200 is cutoff). I would love to figure out a way to get both my wife and my insurance pretax, but am not sure what kind of options there are.
We are budgeting 5k for premiums, though this year it will less for an exchange plan. We also have spent a reasonable amount on health care this year (~2k), though not sure how that might impact it.