Typically, no, it is not. In some instances, you may be able to deduct the premiums you make on certain health insurance programs, such as an HSA. I cannot think of any instances where the benefits you receive are tax deductible.
You can usually receive your benefits without being taxed on them. It really depends on the type and nature of the health insurance and where you are in America. If you have group disability insurance, for instance, you would be taxed on the benefits you receive, but on an individual or group managed care plan (HMO, PPO, POS) then you would not be taxed on your benefits.
by Kelly Kline Burnett6 years ago
My husband just asked and with all the many changes in the tax code I was uncertain.Can someone please advise or update us on the tax deductions associated with moving?
by John Coviello6 years ago
Do you like your High Deductible Health Insurance Plan?If you have not heard of High Deductible Health Insurance Plans, you most likely will be learning about them soon via your employer. The Affordable Care Act,...
by mmcalice7 years ago
are miles for medical visits tax deductible under medical?
by alexandriaruthk4 years ago
Where to buy health insurance that does not have deductibles and good for short period of time?Say good for three months only while waiting for availability of it in relation to my job.
by Victoria Lynn5 years ago
How do I know if health insurance companies are good?I'm looking online to compare health insurance companies. There are a variety of costs and coverages. Even if I find one I want, how do I know if it's good? It's hard...
by James Smith4 years ago
http://benswann.com/is-your-health-insu … z2iAv7OKAERecent polling suggests that 75.8% of those polled's health insurance premiums have risen since the ACA has been implemented.Not long ago I predicted that this...
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