Are Health Insurance Payments Tax Deductible?

Jun 23, 2022

Are health insurance payments tax deductible? If so, how much are they deductible? Most of the time, you can only deduct what you paid for your own coverage. If you pay for the insurance yourself, you can only deduct the amount you actually spent. However, there are exceptions. For example, you can deduct only the portion of your premiums that you actually paid for the plan. If you received a health insurance subsidy through your employer, you can only deduct the amount you paid. The amount of ...read more

Allstate Home Insurance Review

Jun 23, 2022

Allstate offers homeowners plenty of coverage options for their homes. Its website is easy to navigate and has many useful tools and articles. They are available in most states and offer a variety of different types of coverage. The Allstate app also lets you pay your bill, review your policy documents, and file claims. This feature has a guide that will walk you through the process of creating an inventory of your home. Whether you need a flood insurance policy or a fire insurance plan, Allstat ...read more

Where to Find Health Insurance

Jun 23, 2022

There are several ways to get health insurance. Online insurers and SHOP plans are both convenient and can offer you quotes right away. A quick Google search will bring up a variety of providers and plans. Another way to find health insurance is through purchase alliances. These companies require employers to contribute a specific amount per employee to cover the cost of an employee's health plan. The employee will then select the plan offered by the purchasing alliance. You can also use your s ...read more

New York Health Insurance - Who Needs Health Insurance in New York?

Jun 23, 2022

When determining your coverage needs, determine the level of risk you face. Do you have a regular physician's visit? Do you need lab work or urgent care services? Do you need prescription drugs? What is your average co-pay for office visits and lab work? If you have a high-risk occupation, consider how much more you'd need to pay out of pocket. Once you've determined your cost, you can determine how much you can afford to spend on health insurance premiums and deductibles. If you don't have a r ...read more

Will Health Insurance Pay For Breast Reduction?

Jun 23, 2022

When deciding to undergo a breast reduction, it is important to consider whether your insurance provider will cover the procedure. Some health insurance companies will require you to submit additional medical documentation to support your claim, including your weight and height. You should be prepared to provide this documentation if necessary, as your insurance carrier may want to ensure that your large breasts are not caused by your obesity. However, it is possible that your insurer will only ...read more

Are Health Insurance Payments Tax Deductible?

Jun 23, 2022

Individual health insurance premiums are generally deductible, but this isn't true of dental insurance and long-term care insurance. These payments are only tax deductible if they exceed 7.5% of adjusted gross income (AGI). The IRS has addressed this circular problem by limiting the amount of out-of-pocket medical expenses that can be deducted to seven percent of AGI. If you have a high-deductible health plan, you can deduct the entire cost of premiums. In addition, you can claim this deduction ...read more

Where to Find Health Insurance For Employees

Jun 23, 2022

There are many places to find health insurance for your employees, but the best way is to check with your employer's benefits administrator (HIPAA). Often, this is a good choice, as the marketplaces have more purchasing power than individual businesses. Another option is to hire a broker. You can either look for one in your area or use the SHOP website to find one in your state. A broker can help you understand the finer points of the coverage, and help you choose the plan that is right for you. ...read more

Allstate Home Insurance Review

Jun 23, 2022

The process for claiming and paying for homeowners insurance can be complicated and time-consuming, but Allstate's customer service agents are devoted to meeting your needs and helping you get the best possible policy at the lowest price. Allstate also offers a mobile app to make life easier. Using the app, you can view policy documents, contact an agent, or file a claim. Customers appreciate the digital locker, which guides them through the process of listing the items in their home. Allstate' ...read more

Where to Find Health Insurance

Jun 23, 2022

There are many different places to find health insurance, and not all of them are reputable. The federal government and the marketplaces are both good places to start your search, but you can also find a plan through your employer. If you're not covered through your employer, you'll need to shop on the state exchange, or you can go through a broker. Other options include going directly to an insurance company and talking with an agent. While agents may represent one company, brokers will have p ...read more

Who Needs Health Insurance?

Jun 23, 2022

Health insurance is a necessity for everyone. Whether you are a student or working in a high-risk occupation, you'll need it at some point. Coverage for these expenses is essential, as they can save you thousands of dollars over the course of your career. Plus, having health insurance also lets you get preventative care such as screenings, vaccines, and office visits. You'll be much less likely to fall sick later on if you have coverage. Choosing the right health plan can be difficult, especial ...read more