Quote:
Originally Posted by Marvelous Marv
The question I want answered is "Why can't a self-employed (non-incorporated) person write off his health insurance premiums?"
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I was wondering the same thing. It would seem like the gov would want to encourage folks to get insurance by making the premiums deductible for those not covered by an employer's plan.
When I was downsized/retired a few years ago the cost to maintain my employer's insurance plan was over $800 per month for my wife and I. Instead we signed up for $10,000 deductible catastrophic insurance for around $300 per month and even that is not tax deductible. At least the money put into our HSA is deductible.