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Health Insurance Premiums

Emily Said:

Are health insurance premiums that I pay and are deducted from my paycheck paid with after-tax dollars?

We Answered:

Premiums are tax deductable as a part of your medical expenses if you are filing long form. You add up every co-pay you made to doctors, hospitals, and prescriptions and the total cost you paid for these premiums and then you get a percent of that total back on your taxes. Anything that you paid for any type of health care is deductable as long as you have a receipt (or in the case of health premiums you pay) they are on the W2.

Antonio Said:

How do I deduct health insurance premiums from my taxes when I am self-employed?

We Answered:

If you establish the policy in the name of the business (or your name if a sole proprietor), then you can deduct the premiums on the front of the 1040, line 29.

Zachary Said:

Can an employer attempt to collect health insurance premiums that they failed to collect in the first place?

We Answered:

You pose 2 separate questions.
1 - Did you really underpay? We cant answer that on this board because we do not know the facts.
2 - Assuming you did underpay, they can force you to pay it but will probably write it off or discount it for that small sum.

Max Said:

Can any of you prove your health insurance premiums went up because of ObamaCare?

We Answered:

ObamaCare was done BECAUSE the health premiums have been going up so much.

Daisy Said:

How much of health insurance premiums is profit?

We Answered:

I would say that is pretty close, considering the pay of the CEOs, Lobbyists, advertising, profit for the share holders, and a huge expense is the monies to the politicians. From 2000 to 2006, republicans received 2/3 of all the monies donated..millions! That is really expensive.

All this information is available on the internet. It amazes me that this scam has gone on as long as it has...the American people who are against reform are foolish.

Beverly Said:

Are health insurance premiums deductible in year paid?

We Answered:

healthplans.my-age.net - here is my health insurance plan. As I remember they can provide such a service.

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