Is medical insurance tax deductible for the self-employed?

Answer Medical insurance premiums are tax deductible for the self-employed. However, self-employed individuals are required to pay self-employment tax and income tax. Health care premiums fall under self-... Read More »

Top Q&A For: Is medical insurance tax deductible for the sel...

For some one who worked overseas and returning as unemployed or self employed what real service oriented medical insurance do you recommend?

Although we cannot recommend specific insurance companies, we recommend you contact your state's insurance commission to learn of approved companies. The fallout of the current Congressional action... Read More »

Are health insurance premiums&medical bills tax-deductible?

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 »

Is a MBA education tax deductible for the self employed?

The IRS states that self-employed people can deduct business-related education expenses from their income, reducing taxable income. Self-employed people can also take advantage of the education cre... Read More »

Is it required by law to bill a patients medical insurance for all procedures performed regardless of the medical facilities knowledge of whether or not it a covered procedure by the insurance?

Not that I know of. If the provider isn't billing - then just send the bill in yourself along with a claim form. When you realize that insurance companies hire inexperienced workers and also that ... Read More »