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The price one would pay for Health Insurance.
Wiki User
∙ 15y ago
Wiki User
∙ 15y ago"Insurance Premium" is a big word that basically means money. A premium is paid by the insured to cover a certain amount of time in order to cover expenses insured by the policy.
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Can deduction taken for medicare 96.40 be reimbursed by own medical insurance?
No. Medical insurance covers medical expenses, not insurance premiums.
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 there life insurance that requires no medical exam?
Yes, but the premiums are through the roof.
Can you claim your Hospital insurance premiums as a deducton on your income tax if your payroll says it is nontaxable wages?
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.
What is the benefit of family medical insurance above individual medical insurance?
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.
Which compensation options helps pay for premiums that cover medical expenses?
health insurance.
Are long term care insurance premiums tax deductible?
Yes, it is. Long term care insurance premiums are tax deductible. Premium payments are considered to be medical expenses and they are deductible as long as the medical expenses exceed 7.5% of the individual's income.
How much are medical malpractice insurance premiums for cardiologists in Tennessee?
find out fo yo self
Do you have to pay medical insurance whill off on workmens comp?
Even though you're out of work due to a worker's comp case, your premiums for your medical insurance still need to be paid. Just keep in mind that your medical insurance pays for medical illness and isn't related to worker's comp. Your employer may be willing to help you pay the premiums until you get back to work.
Can you deduct insurance premiums as a medical expense on federal taxes?
Can I add my monthly health insurance payment from my employer to my medical deductions, such as medications prescribed, office visits, etc..
Can you deduct health insurance premiums you paid?
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.
Is the cost of medical insurance deductible?
Yes. Health insurance premiums are tax deductible to an individual under IRC Section 213(d).
