Is paid health insurance a deduction?

Answer If you pay for your own health insurance and are not reimbursed, you can take a deduction for the amount exceeding 7.5 percent of your adjusted gross income. If you are self-employed, you can claim... Read More »

Top Q&A For: Is paid health insurance a deduction

Tax Deduction for Cobra Health Insurance?

A COBRA health plan (short for Consolidated Omnibus Budget Reconciliation Act) is a plan that allows you to continue your employer-sponsored health care coverage for a certain amount of time after ... Read More »

Are health insurance premiums deductible if you take a deduction for an HSA?

Health insurance premiums are a qualified medical expense, according to the IRS. You may deduct qualified medical expenses that exceed 7.5 percent of your adjusted gross income. If you have a HSA, ... Read More »

Paying medical insurance through payroll deduction how long is it paid up to after you quit you job?

Answer Usually your insurance ends on you last day of work. Best bet would be to call the insurance company and find out exactly when it expires. You will have the option to have Cobra insurance, t... Read More »

If the auto insurance settles with an claimant after health insurance has been billed and paid who gets the money?

Answer If it is owed to the health insurance and they were already paid you must return it the ins. company. If not, you could be charged - heavily - even if you say "I thought it was mine" have ... Read More »