No, not exempt as such. Whether you get your health insurance through an employer based plan or whether you are self-employed and purchase your own individual health insurance can have tax implications for you though.
Generally, in today's employer based insurance environment the employee is paying some portion of their individual and/or dependent health insurance premiums. And, in most such cases the employer is taking your share of the premium out of your paycheck on a pre-tax basis under a Section 125 Plan. The employee is receiving a tax advantage in this context as their share of their premium is taken out of paycheck on a pre-tax basis thus reducing their taxable net income and reducing the amount they pay in taxes.
For the self-employed this issue gets more complex and you should seek the advice of a CPA or tax attorney. Health insurance premiums a self-employed person can be deducted or expensed depending upon how your business is structured and what your individual situation is. As is always the case when we're talking about taxes it's more complicated than the very simplistic answer that I have given and that is why you should seek professional advice on this matter.
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Generally, in today's employer based insurance environment the employee is paying some portion of their individual and/or dependent health insurance premiums. And, in most such cases the employer is taking your share of the premium out of your paycheck on a pre-tax basis under a Section 125 Plan. The employee is receiving a tax advantage in this context as their share of their premium is taken out of paycheck on a pre-tax basis thus reducing their taxable net income and reducing the amount they pay in taxes.
For the self-employed this issue gets more complex and you should seek the advice of a CPA or tax attorney. Health insurance premiums a self-employed person can be deducted or expensed depending upon how your business is structured and what your individual situation is. As is always the case when we're talking about taxes it's more complicated than the very simplistic answer that I have given and that is why you should seek professional advice on this matter.