When Can You Claim a Tax Deduction for Health Insurance?

When Can You Claim a Tax Deduction for Health Insurance?

Each year, June 28 marks National Insurance Awareness Day, serving as a reminder that it’s a good time to review your insurance coverage and ensure that it still fits your needs. This is particularly true for health insurance and making sure you have the right amount of coverage at an affordable cost. Since there are specific rules and qualifications you must follow, here’s an overview of when you can and cannot claim a tax deduction on your health insurance.

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