Improving Your Financial Wellness When It Comes to Health Insurance
Paying for medical expenses - from glasses to surgery - can strain anyone’s wallet. On this episode Daniel and Lauren talk with professional gut health coach Chelsea Haines, who shares her experience navigating health insurance as someone living with a chronic illness. She speaks about her decision to drop conventional health insurance and open up a Health Savings Account. Then TurboTax Expert Diana Castro reviews what you need to know about standard deductions versus itemized expenditures, the difference between a flexible savings account (FSA) and a health savings account (HSA), employment status as it relates to health coverage, and medical expenses that are eligible for tax-deduction. Diana mentions the Internal Revenue Service’s Publication 502 that lists all the medical and dental expenses you can deduct at tax time.
The views, information or opinions expressed during the Friends with Tax Benefits podcast series are solely those of the individuals involved and do not represent those of Intuit, TurboTax or any of its brands. The primary purpose of this podcast series is to educate and inform. This podcast series does not constitute financial, legal or other professional advice or services.
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