Are Health Insurance Premiums Taxable?

Answer Employer-paid health insurance premiums are not taxed. Employee-paid health insurance premiums can be deducted on a pre-tax basis and are therefore not subject to income tax. Self-employed individu... Read More »

Top Q&A For: Are Health Insurance Premiums Taxable

Are life insurance premiums taxable?

Individually owned life insurance policies are paid for with after-tax dollars, which provides no additional income tax deduction and keeps the policy proceeds income tax-free. Corporate-owned life... Read More »

Can I use my HSA to pay for health insurance premiums?

Typically, you cannot use money from your health savings account (HSA) to pay for health insurance premiums. However, exceptions are made for premiums you pay for while receiving unemployment benef... Read More »

How to Write Off Health Insurance Premiums?

Unreimbursed health insurance premiums are included as a qualifying medical expense, according to the Internal Revenue Service. Qualifying medical expenses can be written off if you choose to itemi... Read More »

What are health insurance premiums?

Health insurance premiums are the consideration paid in exchange for a contract with a health insurance provider that agrees to pay eligible health costs on your behalf. According to Read More »