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 »

If you have medical insurance at work that pays 80 percent of medical bills can you get additional coverage for the other 20 percent?

Yes and no.There are supplemental insurance programs available - do an internet search for "supplemental insurance."Programs such as these will help pay that remaining percentage - in most cases, a... Read More »