Are health insurance premiums&medical bills tax-deductible?

Answer In general, medical bills and expenses that exceed 7.5 percent of your adjusted gross income are tax deductible; this includes your health insurance premiums. However, expenses that are covered by ... Read More »

Top Q&A For: Are health insurance premiums&medical bills tax...

If a pedestrian is found at fault in an accident involving a car and pedestrian which insurance would pay the medical bills - the auto insurance or the pedestrian's health insurance?

Since Pedestrians always have the Right of Way, It is very rare if not impossible to find them at fault unless fraud or gross negligence can be established. Traditionally The drivers liability insu... Read More »

Do you have to reimburse a health insurance provider that paid for medical bills if you received a bodily injury settlement from your auto insurance?

If they have a Subrogation Clause (Section of Property Insurance and Liability Insurance policies giving an insurer the right to take legal action against a third party responsible for a loss to an... Read More »

Is a health insurance premium tax deductible?

Health insurance premiums are tax deductible as a medical expense. However, only medical expenses exceeding 7.5 percent of your adjusted gross income can be claimed as a deduction. If you are self-... Read More »

Are health insurance premiums tax deductible?

Health insurance premiums can be deducted from your federal income taxes once your medical expenses exceed 7.5 percent of your adjusted gross income. Anything you pay above the 7.5 percent is deduc... Read More »