![]() " Publication 535: Business Expenses,” Pages 23-24. " IRS Provides Tax Inflation Adjustments for Tax Year 2023." " Key Facts About the Uninsured Population.”Ĭenters for Medicare & Medicaid Services. “ How Does the Tax Exclusion for Employer-Sponsored Health Insurance Work?” ![]() " Compilation of Patient Protection and Affordable Care Act,". “ Income, Poverty and Health Insurance Coverage in the United States: 2021.” " Publication 334, Tax Guide for Small Businesses,". Premiums can be considered the "maintenance fee" for a healthcare policy, not including other payments that consumers have to pay, such as deductibles, co-pays, and additional out-of-pocket costs. Health insurance premiums, the amount paid upfront to keep an insurance policy active, have been steadily increasing as healthcare costs have increased in the United States. Self-employed individuals who meet certain criteria may be able to deduct their health insurance premiums, even if their expenses do not exceed the 7.5% threshold. ![]()
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