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In your Income and Expenditure Account, show the Health Insurance premium paid by you as expenses and claim income tax rebate as permissible in Income Tax Act of your country.

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Wiki User

10y ago

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Related Questions

What exactly is liability is it possible it is for health insurance?

Liability is when you or someone or thing is liabile for something that they did or are responsible for . Yes it is possible for health insurance to have liability .


What type of account is insurance expense?

liability


Do you need a car to get liability insurance?

Automobile Liability insurance, YES. Liability insurance, NO. There are many kinds of liability insurance.


What are the possible benefits of taking out a health insurance savings account as compared to purchasing ordinary health insurance?

There are many benefits of taking out a health insurance savings account as compared to purchasing ordinary health insurance. One of the best benefits is the possibility of interest growth in the savings account as well as not having to purchase it all at once.


Can you enroll in a Flexible Spending Account (FSA) without having health insurance?

No, you typically need to have a health insurance plan to enroll in a Flexible Spending Account (FSA).


What types of insurance are offered by Hollard Insurance?

Hollard insurance offers a wide variety of insurance packages that includes home insurance, life insurance, health insurance, business liability insurance, and auto insurance.


Can health insurance premiums be deducted from your health savings account?

The premiums you pay for your health insurance are qulified medical expenses. Source: IRS.Gov


Is it possible to have a Flexible Spending Account (FSA) without having health insurance?

No, in order to have a Flexible Spending Account (FSA), you must be enrolled in a qualifying health insurance plan.


Can your boss refuse to give you health insurance?

In the UK a company has to have certain liability insurance for the public and employees. The type and extent of that insurance would depend on the business itself. No company is required to supply personal health insurance outside of the liabilities of such insurance.


Where can I apply for limited liability insurance?

Limited liability insurance can be purchased from many insurance companies. An explanation of limited liability insurance can be explained by a qualified insurance agent.


What if you didn't have insurance on motor bike and crashed but had health insurance?

Your health insurance would pay for your injuries. You would have no coverage for your liability (damage you caused to other people's property or persons) or for the damage to your motor bike.


What can you do if you have liability who was hit by someone with liability insurance?

If you have liability for an accident, you will need to contact your insurance company. If you do not have liability insurance, you may need to pay for the accident out of pocket.