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...

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...