Examples of how health insurance premiums are quite often tax deductible

Is it possible that health insurance premiums are deductible on your taxes? Chances are, if you're self-employed, you may be able to deduct those monthly premiums right off your taxes every year. There may be other circumstances in which health costs are deductible as well, even if you're not someone who is self-employed.

Examples when health insurance expenses are taxable?


For most of those who are self-employed, the money you pay out to maintain health care coverage for yourself and your family counts as a deductible work-related expense. They are not deductible if you or others in your family are already receiving coverage under another plan, such as that offered by a spouse's employer.


For those who are not self-employed, but insteaad work for a company which offers a health savings account, or HSA, these expenses may also be tax deductible. The amount which you contribute personally into your HSA can be deducted up to a certain dollar amount, which differs for families vs. individuals. Since HSA contributions are often collected pre-tax, this benefit can pack double benefit for families on a budget.

Other Deductions

Even if you don't have access to an HSA which is offered by an employer, and you are not self-employed, you might still be able to deduct health and dental expenses from your taxes. The IRS has provisions for deducting your health care expenses under certain circumstances, including your monthly health insurance premiums . The expenses must total more than a certain percentage of your income. Check with the IRS website for specific rules, as the tax guidelines often change from year to year.

Examples of what health care expenses may be deducted are many and fairly generous. Out-of-pocket expense for personal health items which are medically necessary but may not be fully covered by insurance are one example, such as contact lens solution, or an over-the-counter supplement which is taken at your doctor's recommendation. Optional health care procedures like LASIK eye surgery can also be deducted, as well as costs for prescription medications.

Remember, before deducting any health care expenses from your taxes, check with your tax accountant in order to make sure your deductions are compliant with current regulations.

Carisoprodol, pregnancy and breast-feeding

The standard advice given to all women taking Carisoprodol is they should seek medical advice if they become pregnant or wish to use the drug while breast-feeding. The reason for the Category C warning is evidence from animal testing. Testing drugs on animals is a necessary precaution before allowing humans to take any substance. Some animals have biology sufficiently close to ours that we can quickly see whether there are likely to be problems. In the case of this drug, there are two sets of findings. The first concerns female animals. There's clear evidence the drug crosses the placenta barrier and enters the fetus. In smaller animals, this affected the rate at which the fetuses grew and there was an increase in infant mortality. For male animals, there's some evidence of a reduction in the size of testes and a slight fall in the volume of sperm. In human testing, there's also clear evidence that Carisoprodol passes into breast milk and so is consumed by your baby.

The allocation of this drug to Category C by the FDA is a value judgement that the benefits of the drug outweigh any possible danger to the human fetus. There are no recorded cases of damage to human male sexual reproduction. So what has the postmarketing reporting shown for women? The answers are fairly encouraging. For example, the Medical Center at Long Beach, CA described a young woman who took a high dose of the drug during pregnancy and while breast-feeding for the first month after birth. Regular blood samples were taken throughout and, despite clear evidence that the active chemicals were present in both the fetus and the baby when born, there were no adverse effects. The baby was born with an average weight, did not experience withdrawal symptoms, and remained healthy during breast-feeding and afterwards. This is one of some sixteen published reports that shows no adverse effects on the child's development, even when the mother is taking a high dose. Although none of the studies have been long term, there seems to be little risk to either mother or child in taking Carisoprodol during or immediately after pregnancy.