Are medical co-pays tax-deductible?

Answer Medical co-pays are tax-deductible because they can be defined as medical expenses. The Internal Revenue Service allows deductions for many out-of-pocket costs that are paid to alleviate or prevent... Read More »

Top Q&A For: Are medical co-pays tax-deductible

Who Pays the Deductible in a Car Accident?

As a car insurance policy holder, when a car accident occurs it is a relief to be able to say "I'm covered." But bear in mind that most car insurance policies require the policy holder to take some... Read More »

Who pays an insurance deductible?

According to GEICO, the insurance deductible is the portion of the claim that you, the consumer, pay out of pocket. For example, if you claim a payment of $3,000 and your deductible is $500, you re... Read More »

Who pays the deductible with homeowners insurance?

With homeowners insurance, the homeowner (owner of the policy) pays any deductible amount owed. Each homeowners insurance policy has its own deductible amount, a cost that the homeowner must pay be... Read More »

Who pays the medical bill if you are involved in an accident where the at fault party is uninsured and you don't have uninsured motorist coverage but you do have medical insurance?

This is a great question. My husband was hit by a car while on his motorcycle last June. He DID NOT have uninsured motorist on his bike and the woman had no insurance at all, so unfortunately we co... Read More »