Question

 Is a contribution toward a health insurance premium considered income?

Answer Yes, they are, provided you pay the insurance premium out of your taxable income and meet the guidelines spelled out in IRS Publication 502, "Medical and Dental Expenses." Any premiums paid by an e... Read More »
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Top Q&A For: Is a contribution toward a health insurance pre...

Is health insurance a premium tax?

The money you pay for health insurance is not a premium tax. An insurance premium tax is assessed by the government at the state level to insurance companies for the right to sell health insurance ... Read More »
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What is a health insurance premium?

A health insurance premium is a charge for health-care insurance coverage. The premium cost may be lessened if charged at a group rate through your employer. Premiums are based on plan coverage typ... Read More »
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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 »
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What is premium health insurance?

Premium health insurance is health coverage that is extended to an insured party for paying the monetary amount charged by the insurer. Plans can be purchased privately or coverage can be bought un... Read More »
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