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 »

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 »

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 »

What is a health insurance deductible?

Health insurance deductibles are one portion of the expenses policyholders are accountable for each year. The type of deductible agreement in an insurance plan may determine the cost of monthly pre... Read More »