Another important point to say for tax deductions on health insurance premiums is paying premiums via cheque, financial institution draft, credit score, or debit cards however not in money. If someone pays their health insurance premium in money, they won’t be allowed to assert any benefit from their coverage. The health insurance company may provide another plan that might be a better fit for you. A deductible influences how a lot you pay for a health insurance premium and decides how much you pay whenever you need care. You should pay your health insurance deductible earlier than a health insurer begins paying for healthcare providers.