Can I add my monthly health insurance payment from my employer to my medical deductions, such as medications prescribed, office visits, etc..
It's a medical expense.
If you are paying them for your employees as part of their compensation package, yes, it is a business expense. If it is for yourself, no, it is not a business expense, but it is usually tax deductable under medical costs.
If you file Schedule A (long form) you can deduct your health insurance premiums as a medical expense. If you pay this through your employer, most likely you have it paid from pre-tax income such as through a cafeteria plan, then you are not allowed to deduct the premiums.
No. Medical insurance covers medical expenses, not insurance premiums.
medicare premiums tax deductable on federal tax form
The premiums you pay for your health insurance are qulified medical expenses. Source: IRS.Gov
In the US, Medical Insurance Premiums deducted from your paycheck is not taxed by Federal, State, or Social Security taxes so these amounts would excluded for the purpose figuring tax withholdings. Is this close to what you are looking for?
Yes, but the premiums are through the roof.
Medical expense insurance: Covers some or all of the out of pocket expenses paid by the insured for covered medical expenses. Disability insurance: Makes up for some or all of the income lost during the disability of the insured.
If the premiums are nontaxable income to you then you would NOT be allowed to take a deduction for the amount of the premiums that your employer has paid for your medical insurance premium's.
The benefit of family medical insurance above individual medical insurance, is that your premiums are much lower and the whole family is covered, instead of having to take out separate policies for everyone.
health insurance.