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	<title>New answer on: Is Health Insurance Exempt From Federal Tax?</title>

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		<title>By: Marlin McKelvy</title>

		<link>https://insurancelibrary.com/health-insurance/is-health-insurance-exempt-from-federal-tax</link>

		<dc:creator>Marlin McKelvy</dc:creator>

		<pubDate>Wed, 23 Apr 2014 15:54:23 +0000</pubDate>

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		<description><![CDATA[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&#039;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&#039;re talking about taxes it&#039;s more complicated than the very simplistic answer that I have given and that is why you should seek professional advice on this matter.]]></description>

		

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