Senator Edward Kennedy speaks passionately about trying to get health care reform passed during his career. In this video he talks about his own family’s struggles in the past with sickness and injury, and now he faces a battle of his own with cancer.
Video Rating: 4 / 5
Question by shanravi_29: How should I do health insurance deduction from paycheck if I choose my own health insurance ?
I want to choose my own insurance instead of company sponsored plan.
Usually when we elect company sponsored plan the premium on health insurance
is tax deducted from the paycheck. But if I choose and pay my own insurance Can I still make tax deducted from each paycheck? or should I apply tax deduction during tax filing?
Best answer:
Answer by HMichele
You can’t payroll deduct if you are paying your premiums on a private insurance plan. The insurance company will be billing you not your company. If you are self-employeed, have 1099 income, you deduct the premiums from your taxes. You have to weigh the pros and cons of each and make an informed decision on which is better for you.
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