Will health insurance premiums ever be tax-deductible?
07.April, 2010
I purchase my own health insurance. The one thing in health reform that would have helped people like me would have been to allow the deduction premiums from our taxes, just like people with employer-provided insurance and self-employed individuals can do.
Now that people will have to be purchasing health insurance, will they have to pay with after-tax dollars too? I haven’t heard of anything in the bill that addressed this. You’d think with 2000+ pages they could have squeezed this in.
They already are, as medical expenses. Unfortunately, most people don’t have enough to deduct medical expenses even if they do itemize, which is also required.