0

Obamacare Health Insurance Premiums

?>
[monetize id=”1″]

Questions and Answers

How does paying higher health insurance premiums and having to help pay the trillion dollar cost of Obamacare?

Make health care more "affordable"?

Is affordable now code for higher priced?

Posted by
[display_name id=”1″]

Health care was cheap till politicians forced decades of rules ,regulation an mandates on it.So governments answer is a 2,300 page bill an ten of thousands new employees an rules.A sad joke if it wasn't true.

Should I be happy that Obamacare will only increase my health insurance premiums 22% next year?

Since the national average is going to be about 30%…

Posted by
[display_name id=”1″]

Where do you get that? The average is between 8-12%. Mine is going up 8% next year. It went up 10% last year, so the amount of the increase is less.

You are either lying, don't know what you're talking about, or have crappy insurance that's taking advantage of you.

Can I write off Health Insurance Premiums for a bigger tax refund?

I worked for and currently do work for the state of Maryland as a part time employee (no benefits, hourly, less than 40 hours a week). I am single with no kids. In 2013, I made $16,037. Starting April of 2013, I bought my own medical insurance through Carefirst BlueCross BlueShield. I paid a total off $2,336 last year for medical insurance ($292 per month). I was wondering if I would be able to write this off for a bigger tax refund. I am asking because the CPA I was thinking of going to charges $80 per tax return. The only reason I would go to him to do my taxes is to see if I would get a bigger tax refund if I could write off my insurance premiums. However for my 2012 tax return I used H&R block and filed federal taxes for free and state taxes for $25. So if someone could shed light on this that would be awesome. It would help me save some money if it turned out that I wouldn't be able to write off insurance premiums. Thanks in advance!!

Posted by Noah
[display_name id=”1″]

Although in theory you can deduct health insurance premiums from an individual plan, it practice you probably cannot. The health insurance premiums are an itemized deduction under medical and dental expenses. You can only claim those qualified expenses in excess of 10% of your adjusted gross income. Further, all of your itemized deductions must be more than the standard deduction ($6100 in 2013 for an individual filing single) in order for it to make sense. So, in all likelihood, this health insurance won't make a bit of difference on your return.

I hope you have visited healthcare.gov to get insurance through the Affordable Care Act (Obamacare). At your age and income level you could get much better insurance than you have now with a smaller premium (after the credit).

[monetize id=”2″]

http://topinsurancehealth.com/obamacare-…

Filed in: Obamacare Health Insurance Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
?>

Get Updates

Share This Post

Related Posts

Leave a Reply

Submit Comment

© 2017 Top Insurance Health. All rights reserved.