Of course, all of these exclusions from income come with a price: since life insurance is considered a personal expense, you cannot deduct the premiums you pay for life insurance policies on your federal income tax return.
And while the inescapable and obvious result is that increased financial pressure is placed on the private health insurance system at the expense of removing some of the financial pressure on the government run Medicare system, what may not be quite so obvious is the additional financial pressure placed on even the youngest and healthiest people in the private health insurance pools.
Few folks can afford the absurd expense of buying insurance out-of-pocket, and countless would-be entrepreneurs stay at unfulfilling jobs for this reason and this reason alone.
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As quality metrics are devised and set I will remind policymakers that people with disabilities needing long term care represent the single greatest and growing expense for public insurance.
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But as soon as that was done, I watched the money I had once thought would be a down payment on my own place someday dwindle, owing to the additional expense of health insurance.
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He can have the premium experience without the expense of ownership, insurance or worrying about parking.
Health insurance is deductible as a business expense, but penalties aren't.
That means it would make sense for employers to drop their coverage for 43 million additional workers who would then receive the subsidies at taxpayer expense for obtaining their insurance through the exchanges.
An arbitrary starting point heck, a whole series of arbitrary starting points have been handed down, anchored into practice with insufficient adjustment, this irrational marketplace enduring in large part because the prices are opaque to most customers who, besides which, are protected from most of the expense because they have insurance.
Consider your life insurance a fixed and non-negotiable expense in the same way you would your mortgage or car payment.
Instead, they can deduct 100% of the premiums paid for themselves (and spouse) as a business expense, just like health insurance.
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One big expense for homeowners remains: mortgage insurance, which HUD requires for most products.
But since these rents are made at the expense of the pension funds and insurance companies on which industry depends for long-term finance, it is not clear that the economy benefits from the process.
How is mandating a price break on health insurance for this far higher income group at the expense of the lower income group possibly fair?
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Policymakers repudiate market discipline regularly, such as with, say, federal deposit insurance, rebuilding beachfront homes at taxpayer rather than insurer expense, and indemnifying makers of homeland security technologies when their products fail.
Nevertheless, Safeco Chief Executive MichaelMcGavickMichael McGavick, who will soon leave his post to run for the U.S. Senate from Washington State, hammered away at politicians he sees as pandering to individual voters at the expense of common sense business practices for the insurance industry.
Nevertheless, Safeco Chief Executive Michael McGavick , who will soon leave his post to run for the U.S. Senate from Washington State, hammered away at politicians he sees as pandering to individual voters at the expense of common sense business practices for the insurance industry.
Because of these three facts, the financial services industry, insurance companies and broker dealers have made a killing at the expense of American workers.
Likewise, buying a health-insurance policy from a college generally isn't a qualified expense but a parent might have an argument if the college requires all students to have coverage as a condition of enrollment, says Andrea Feirstein, managing director at AKF Consulting Group, which advises states that administer 529s.
Those left looking for work in the borough, often in low-paid service jobs, face long commutes or have to get a car, a big expense in a city with ultra-high rents, taxes and insurance costs.
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Once single again, long-term care insurance may need to be considered for those who are unable to self-insure that expense.
And insurance companies have the wrong economic incentive: within the policy year their incentive is to reduce expense, and this leads to various service denials.
Those costs get paid by increased premiums for the people who do buy insurance, or they get paid for through socialized costs and claim our tax revenues and come at the expense of other things that people might want to do, like building roads and bridges.
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