The IRS Deductions Blog

Posts Tagged ‘klein’

Question: If McCain is elected I will loose 4,000 ayear, how about you?

McCain advocates implementing 5000 tax health care credit, this will trigger employers to discontinue health benefits, since they will not be tax deductible. (cannot deduct the same expense twice)

Currently I pay 300$ a month for my employer provided plan which in reality cost 13,200 a year. The difference between what I pay now 3900 a year and what I would pay under McCain plan would be 13,200 – 5,000 – 3,900 = 4,300. I will loose net 4k a year!!!
“…not my pastor” I am talking about my employer, who I BET will drop the insurance coverage. Others will definitely scale back the coverage and 5k is not enough to buy a good plan… never mind it will cost billions in tax $.
elmjunburke.. I am confused, so you are saying he is either lying or will not be able to achieve it? Why would I vote for him then?

Answer: $300 a month for a family coverage plan? My guess is you are not being played for a sucker, as another said, but rather you are getting a bargain price.

My coverage was $120 for just me, but my husband paid $300 for JUST him and one child. That meant together we were paying $420. When I joined his plan, after leaving my job, he picked me up on his insurance, and they charged him an additional 80 for adding an adult. It still cost us 380.

I haven’t investigated McCain’s policy yet, but it won’t surprise me if it hurts us.

Items on Amazon Right Now for Tax Deductible Health Care:

No easy answers for health care problems

EDITOR’S NOTE: Central Michigan University senior Sarah Schuch studied the issue of health-care coverage for college students for her CMU Honor Program senior project.

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