ACA or run health care costs through a corp?

[lifeplus]

I'm about a month away from being FI and have a question about going ACA (I do not qualify for subsidies post FI) or bringing in side hustle income in through a corp and doing health care for myself and my family (wife and daughter) through the corp. I'm not sure if it makes more sense to do that vs going ACA. The costs for that are about $1,400 per month. I have this in my FI budget, but am curious if there are hacks to optimize health care costs in the US.

[Paul der Krake]

Everything else equal it's better through the corporation because it is a deductible business expense, as opposed to ACA premiums that are always after-tax.

[seattlecyclone]

Self-employed individuals are allowed to deduct their health insurance premiums as a pre-AGI deduction. I don't think this is available if you're taxed as a corporation though.

A lot of it will come down to what kind of rates you're offered through your corporation (discounted by any tax savings you would get by buying the insurance this way) versus what rates you get through the ACA exchange after your subsidies. This will probably vary greatly based on your age and income.

[Paul der Krake]

Apparently, tax free benefits are quite convoluted for S corps, but still doable:
https://www.peoplekeep.com/blog/how-s-corporation-owners-can-deduct-health-insurance-expenses

No problem for C corps.

OP is going to have the run 'em numbers.

[lifeplus]

It was advised from my Tax Advisor to form a single member LLC, run hustle income through that and set up medical in that entity. Any thoughts or objections to that approach?

[bacchi]

It was advised from my Tax Advisor to form a single member LLC, run hustle income through that and set up medical in that entity. Any thoughts or objections to that approach?

Is this a pass-through LLC? Either the LLC name or your name works.

https://www.irs.gov/pub/irs-wd/0524001.pdf

A self-employed individual who is a sole proprietor may deduct the medical care insurance costs of the sole proprietor and his or her family from the earned income of his or her trade or business when the health insurance policy purchased by the sole proprietor is issued in his or her individual name and not in  the name of the sole proprietor’s trade or business.

[BlueHouse]

Apparently, tax free benefits are quite convoluted for S corps, but still doable:
https://www.peoplekeep.com/blog/how-s-corporation-owners-can-deduct-health-insurance-expenses

No problem for C corps.

OP is going to have the run 'em numbers.

I have a single-person S-Corp.  I purchase through ACA as an individual, but I pay for it with my company credit card.  Then at the end of the year, I tell my payroll company to add the amount I paid to my fringe as a 2% shareholder.  I don't really know what the last part of that last sentence means, but they ask every year and I say "I guess". 

So I guess that means I'm getting taxed on that? 

Too bad I didn't work for Trump, I'd just hide it as a company perk and not report it. 
p.s.  This is not a political statement.  It's a statement about criminals and fraud.