Other Insurance: Aflac etc, Is It Deductible?

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  • CrackerJacks
    New Daycare.com Member
    • Nov 2012
    • 260

    Other Insurance: Aflac etc, Is It Deductible?

    What about other types of insurance such as Aflac and in the state I live in you can elect to pay what is called a "elective coverage" insurance, which is basically a disability ins and also covers what the state would pay for family leave. Is any of this deductible?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Insurance

    Health insurance (including insurance with elective coverage such as Aflac) is not deductible as a business expense unless you set up a Section 105 medical reimbursement plan. See my article on how you might deduct family medical expenses:http://www.tomcopelandblog.com/2011/...eductible.html
    http://www.tomcopelandblog.com

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