Are health insurance payments tax deductible?

Answer Your full health insurance payments are tax deductible if you are self-employed. Generally, you cannot deduct health insurance payments made to a health plan sponsored by your employer. If these pr... Read More »

Top Q&A For: Are health insurance payments tax deductible

Are health insurance payments tax deductible in Illinois?

According to the Illinois Department of Revenue and the IRS, health insurance payments are not tax deductible in the state of Illinois, except in certain situations. For example, if you are self-em... Read More »

The Average Health Insurance Payments?

Health insurance payments include premiums, deductibles and coinsurance rates. Over the last 10 years, the average premium payment for health insurance grew tremendously. Insuring a family obviousl... Read More »

Is there health insurance to cover co-payments?

There is not a health insurance to specifically cover co-payments. However, you can have a secondary insurance that in some cases will cover co-pays and expenses not covered by a primary insurance,... Read More »

What is a deductible on health insurance?

The word "deductible" as it pertains to health insurance can be hard to define. It is extremely important to know what a deductible is in order to choose a health insurance policy that is appropria... Read More »