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Updated over 7 years ago on . Most recent reply
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Health Insurance for self employed
Ok not a real estate question but I know its something that affects us all. Health Insurance what does everyone do when they are doing real estate full time, for Health insurance. Obama care has been Trumped up to the point it is pointless and in my area does not exist any more. I work just for my insurance but its going up so high its almost not worth working any more. My wife the same. Its a shame we just don't all because an organization for group health insurance lol. So what are your secrets to paying for drugs and doctor visists ?
Most Popular Reply
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Health insurance premiums can potentially be deductible, depending on specific facts and circumstances. For example, some of my clients invest in an LLC taxed as a partnership. The health insurance premiums are paid by the LLC. These are then deductible by the individual taxpayer.
Also, consider a Health Savings Account (HSA) to pay other medical expenses, such as doctor's visits, prescription drugs, dentist, etc.