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It is a deduction. If you have your insurance deducted from your paycheck then it will show when you get you tax papers from your employer at the end of the year. If not then you will need to do the "long form" and not the EZ Form at tax time. If unsure have a Tax office so it for you. But the answer is YES.
What else can I help you with?
Do you have to pay taxes on a cancer insurance claim?
In the USA you do not pay taxes on the Proceeds from an Insurance Claim.
What is the average cost of a X-ray with no insurance?
Its around $165 but you can claim it on your publib health service and only have to pay $45
Do congressmen pay for health insurance?
They pay premiums for their health insurance, as do other Federal Employees.
What insurance policies are involved when there is a car accident?
Auto insurance, and if you are hurt by the accident, then health insurance too, but you will need health insurance for the second to file a claim for injuries, and health insurance is optional. Auto insurance is required by law. If it is someone else's fault however, then they must pay for all the damage to you, your car, and themselves.
If your primary insurance denies a claim for failure to have a referal will your secondary insurance pay the claim?
Read your policy
How long does it take for auto insurance copanies to pay loss wage claim?
how long does it take for an insurance company to pay a loss wage claim
IF Patient primary insurance denied claim because provider is not contracted with them will secondary insurance pay on the claim?
yes
What does dropping your claim mean when taking about health insurance?
Printing the claim to paper
What are the benefits of employee health insurance?
The true benefit of employee health insurance is that you usually do not have to pay for the insurance. But, if you do have to pay, it is only a small percentage.
Do you pay taxes on the settlement of an insurance claim?
You do not generally have to pay taxes on an insurance settlement claim. You can check with your tax firm or accountant for the rules specific to your state.
Will your health insurance pay for a prosthetic leg?
Ask your Health Insurance Provider
What benefits do Aetna claim that their health insurance plans offer?
The services offered by Aetna Health Care are health insurance services. They offer individual health insurance plans and have offices in all 50 American states.
