Is Disability Insurance A Medical Expense?
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63333 POINTSview profilePeggy MaceMost of the U.S.No, Disability Insurance is not a medical expense, and is not deductible as such on income tax forms. While an agent must have a license in health insurance to sell disability insurance, the insurance is not considered a medical expense such as health insurance and long term care insurance.Answered on August 23, 2013flag this answer
1866 POINTSview profilePaul RothSenior Commercial and Annuity Specialist, Freedom Brokers, Marion, Carbondale, Harrisburg ILWhether you consider disability insurance a medical expense depends on whether you are paying the bill, in which case it certainly is an expense, or whether you are the IRS, in which case you most likely cannot deduct those hard earned dollars you spent on coverage. You can ask your CPA whether the laws have changed, but likely not. I am not a CPA, so I can't tell you whether it is deductible in your case or not. If you are purchasing disability insurance for a tax write off, however, you are purchasing it for the wrong reasons.Answered on July 6, 2016flag this answer
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