
Ask A Question - Help - Register - Login

what is a reasonable deductible for medical insurance

Sent to Tax Experts April 26 4:18 a.m.

a single person age 59
making less than $35,000 per year
what deductible health care plan
should this person have.
$5,000 deductible with 30% copay
for major hospital plan runs about
$300 per mo.

Optional Information:
san luis obispo, California

Customer (name blocked for privacy)

Status: Closed Value: $15

Answer
April 26 6:32 a.m. (2 hours and 14 minutes later)

ACCEPTED

Hello and thank you for using Just Answer. If a person make $35,000 a year and have $3,600 ($300 x 12) for medical expenses, that person can deduct on there Sch. A $975 ($35,000 x .075 - $3,600).

__________________
Marvin-If my answer is a benefit to you please "Accept". Your positive feedback is appreciated.

Marvin,EA -- Enrolled Agent -- 99% Positive Feedback on 448 Tax Accepts
10 years self employed , Income Tax Preparation & Representation

Think you can answer this question?
Login or Become an Expert

Related Answers:

	DISCLAIMER: You acknowledge that any information you may obtain from individuals you contact through use of the Just Answer service comes from those individuals, not from Just Answer!, and that Just Answer is not in any way responsible for any of the information these third parties may supply. The site and services are provided "as is" with no warranty and no representations are made regarding the qualification of an Expert. Responses and comments on Just Answer! are for general information and are not intended to substitute for informed professional advice (such as medical, legal, investment or accounting) and do not establish a professional-client relationship. Just Answer! is not intended or designed to address EMERGENCY QUESTIONS which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.

Just Answer! > Income Tax