How can I get a tax break on health coverage as a self-employed person?

You can take advantage of a tax-advantage plan by pairing high-deductible health plan (HDHP) with a health savings account (HSA). HSAs are designed to lower health care expenses through the HDHP while providing tax-advantaged savings to the consumer. The HDHP provides the necessary insurance coverage while the HSA gives you and your employees the means to fund these costs on a pretax basis. Both you and your employees can contribute to HSAs, and, unlike some other tax-advantaged plans, the funds in the account are not forfeited if they are not used during the plan year. Savings can be rolled over and transfer with the employees if they leave. If you’re a self-employed business owner, you can utilize a health reimbursement arrangement (HRA) to deduct medical expenses if your spouse works part-time or full-time in your business. Deductible medical expenses include premium costs, copays, prescription drugs and much more.