Jump to content
RemedySpot.com

med expenses on taxes, those co-pays add up

Rate this topic


Guest guest

Recommended Posts

If you've never kept track of your out-of-pocket medical expenses,

think about doing so this year.

It doesn't have to require spreadsheets and complex accounting -- I

just use a notebook to log entries and an envelope for receipts.

Anything covered by insurance or reimbursed through a flex account

doesn't count. But co-pays do -- for clinical visits as well as meds.

Many OTC meds count. Most DME and many supplies count. Mileage counts.

And it's cumulative for everyone in your family.

These out-of-pocket expenses have to equal 7% of your income -- but

that is frighteningly easy to do.

Even with just a two-person family, good insurance and a flex account,

my expenses were more than 10% of income this year. (Of course, it was

a very bad year.)

Just back from the tax guy,

Pam

(mom to Quantell, 16, dx 1996, tx 2001, dx recurrence with AIH overlap

2006)

Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...