April 2024

Can You Use Your HSA to Pay for Medically Recommended Diet Costs? Here’s What the IRS Says

by Wiley Long | Apr 26, 2024 | Colorado Health Insurance, Health Insurance

“Food is medicine,” says the U.S. Health Department. “Not so fast,” says the IRS. Caught in the middle: U.S. consumers with dietary issues that require special foods or dietary supplements. And unless Congress intervenes, it’s going to be up to the Tax Court to work...

Should Colorado Impose Caps on Drug Prices?

by Leslie Alford | Apr 15, 2024 | Colorado Health Insurance, Health Insurance

Caps on drug prices seem like a nice idea… if you don’t think about it very much. After all, who could be against more affordable drugs, right? And that’s the reasoning behind the recent decision of the Colorado Drug Affordability Board to move to cap the price of...

Is Medi-Share Tax Deductible?

by Leslie Alford | Apr 5, 2024 | Colorado Health Insurance, Health Insurance

Since Medi-Share is a health sharing organization, and not a traditional Affordable Care Act-qualified insurance product, your monthly membership costs are not deductible on your individual income tax return. However, since Medi-Share saves up to 50% compared to the...