MMM's latest post about health insurance makes the following statement, and I'm looking for information on how to do this:
"But also remember that if you’re a high-income business owner, your business can pay for your health insurance with pre-tax money. This cuts your net cost after taxes by 30-40%, making it a subsidized program after all."
Is this strictly a line item on a tax form, or do you have to be a certain type of business to qualify? (I have an LLC.) I went on the ACA last year and, like MMM, my rate has gone way up dramatically for very little health insurance coverage. I will feel better about this if I know I can deduct the money I spend on it via my business.
Thanks for all info anyone knows!