Out of Pocket Medical Expense Deductions

Most people forget about including annual out of pocket medical expenses on their income tax return. Out of pocket medical expenses are those that you paid for but were not reimbursed or not covered by your insurance carrier. Currently, the IRS allows you to deduct medical expenses that exceed 7.5% of your adjusted gross income […]

Understand What Your Health Insurance Covers

It is very important that you understand exactly what the benefits of your health insurance policy are so you do not end up with any unexpected out of pocket expenses. If you have not looked at your summary of benefits page of the policy in a while, or if you recently purchased a new policy […]