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Tag Archives: tax deductions

What is a tax subsidy for health insurance?

What is a tax subsidy for health insurance? A health insurance tax subsidy, also known as a premium tax credit, can help lower your health insurance costs by reducing the amount you have to contribute towards your monthly premium. When you fill out an application on the healthcare.gov website, it will let you know if […]

Is my employer paid health insurance taxable?

While employers may offer some fringe benefits that are considered to be taxable as income, health insurance is not one of these items. Both insurance premiums and long-term care insurance, when offered by an employer, are non-taxable benefitsts. There are a few exceptions to this rule. Here is a look at how health insurance is […]

When are health insurance premiums tax deductible?

The Affordable Care Act, also known as Obamacare, was intended to help reduce the cost of healthcare for the average American. Whether it does this in the long term remains to be seen, but in the short term, it has added a lot of confusing regulations to the health care sector. One of these regulations […]

Are health insurance premiums tax deductible?

Having comprehensive health insurance coverage for you and your family gives you an invaluable peace of min*]d. When offered by an employer, health insurance is considered part of the compensation package. For decades, employers have offered lucrative health insurance plans to their employees to strengthen their labor force and attract a better quality staff. A […]

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