Tax Question - Med Expenses

[jamie6girl]

Question about your medical expenses and taxes: Do you use your Explanation of Benefits from insurance company or do you use Receipts, Cancelled Checks, etc to add up your total expenses for the year? The reason I ask: What if you have a EOB from Insurance Co but you haven't paid the whole thing yet? What if you are on a payment plan? Do you just add up what you have actually paid this year, or do you add up the EOB, even though the whole thing hasn't been paid? Thanks!

 

[jamie6girl]

Question about your medical expenses and taxes: Do you use your Explanation of Benefits from insurance company or do you use Receipts, Cancelled Checks, etc to add up your total expenses for the year? The reason I ask: What if you have a EOB from Insurance Co but you haven't paid the whole thing yet? What if you are on a payment plan? Do you just add up what you have actually paid this year, or do you add up the EOB, even though the whole thing hasn't been paid? Thanks!

 

[jamie6girl]

Question about your medical expenses and taxes: Do you use your Explanation of Benefits from insurance company or do you use Receipts, Cancelled Checks, etc to add up your total expenses for the year? The reason I ask: What if you have a EOB from Insurance Co but you haven't paid the whole thing yet? What if you are on a payment plan? Do you just add up what you have actually paid this year, or do you add up the EOB, even though the whole thing hasn't been paid? Thanks!

 

[jamie6girl]

Question about your medical expenses and taxes: Do you use your Explanation of Benefits from insurance company or do you use Receipts, Cancelled Checks, etc to add up your total expenses for the year? The reason I ask: What if you have a EOB from Insurance Co but you haven't paid the whole thing yet? What if you are on a payment plan? Do you just add up what you have actually paid this year, or do you add up the EOB, even though the whole thing hasn't been paid? Thanks!

 

[jamie6girl]

Question about your medical expenses and taxes: Do you use your Explanation of Benefits from insurance company or do you use Receipts, Cancelled Checks, etc to add up your total expenses for the year? The reason I ask: What if you have a EOB from Insurance Co but you haven't paid the whole thing yet? What if you are on a payment plan? Do you just add up what you have actually paid this year, or do you add up the EOB, even though the whole thing hasn't been paid? Thanks!

 

[JazzysMom]

The EOB only states when your insurance pays, not when YOU pay. I have many cancelled checks that I paid for service in one year, but the insurance didnt pay & I didnt get the EOB in that same year.

Your taxes are only what YOU pay out........

 

[JazzysMom]

The EOB only states when your insurance pays, not when YOU pay. I have many cancelled checks that I paid for service in one year, but the insurance didnt pay & I didnt get the EOB in that same year.

Your taxes are only what YOU pay out........

 

[JazzysMom]

The EOB only states when your insurance pays, not when YOU pay. I have many cancelled checks that I paid for service in one year, but the insurance didnt pay & I didnt get the EOB in that same year.

Your taxes are only what YOU pay out........

 

[JazzysMom]

The EOB only states when your insurance pays, not when YOU pay. I have many cancelled checks that I paid for service in one year, but the insurance didnt pay & I didnt get the EOB in that same year.

Your taxes are only what YOU pay out........

 

[JazzysMom]

The EOB only states when your insurance pays, not when YOU pay. I have many cancelled checks that I paid for service in one year, but the insurance didnt pay & I didnt get the EOB in that same year.

Your taxes are only what YOU pay out........

 

[AnD]

Melissa is right- you would take the payments you will be making next year off of next year's taxes <img src="i/expressions/face-icon-small-wink.gif" border="0"> .

I do call, however, and get my EOB's for the entire year (including prescriptions, which my insurance doesn't send out regularly) from my insurance company about mid-January- I am bad at keeping up with them during the year <img src="i/expressions/face-icon-small-blush.gif" border="0"> , and heavens, I want to make sure I include it <b>all</b>! - and use them for totalling up my copays, etc. (the vast majority I have to pay at the dr's office, pharmacy, etc.) Then I fish out my receipts for things that my insurance doesn't pay for (eyeglasses, nebs, etc.).

 

[AnD]

Melissa is right- you would take the payments you will be making next year off of next year's taxes <img src="i/expressions/face-icon-small-wink.gif" border="0"> .

I do call, however, and get my EOB's for the entire year (including prescriptions, which my insurance doesn't send out regularly) from my insurance company about mid-January- I am bad at keeping up with them during the year <img src="i/expressions/face-icon-small-blush.gif" border="0"> , and heavens, I want to make sure I include it <b>all</b>! - and use them for totalling up my copays, etc. (the vast majority I have to pay at the dr's office, pharmacy, etc.) Then I fish out my receipts for things that my insurance doesn't pay for (eyeglasses, nebs, etc.).

 

[AnD]

Melissa is right- you would take the payments you will be making next year off of next year's taxes <img src="i/expressions/face-icon-small-wink.gif" border="0"> .

I do call, however, and get my EOB's for the entire year (including prescriptions, which my insurance doesn't send out regularly) from my insurance company about mid-January- I am bad at keeping up with them during the year <img src="i/expressions/face-icon-small-blush.gif" border="0"> , and heavens, I want to make sure I include it <b>all</b>! - and use them for totalling up my copays, etc. (the vast majority I have to pay at the dr's office, pharmacy, etc.) Then I fish out my receipts for things that my insurance doesn't pay for (eyeglasses, nebs, etc.).

 

[AnD]

Melissa is right- you would take the payments you will be making next year off of next year's taxes <img src="i/expressions/face-icon-small-wink.gif" border="0"> .

I do call, however, and get my EOB's for the entire year (including prescriptions, which my insurance doesn't send out regularly) from my insurance company about mid-January- I am bad at keeping up with them during the year <img src="i/expressions/face-icon-small-blush.gif" border="0"> , and heavens, I want to make sure I include it <b>all</b>! - and use them for totalling up my copays, etc. (the vast majority I have to pay at the dr's office, pharmacy, etc.) Then I fish out my receipts for things that my insurance doesn't pay for (eyeglasses, nebs, etc.).

 

[AnD]

Melissa is right- you would take the payments you will be making next year off of next year's taxes <img src="i/expressions/face-icon-small-wink.gif" border="0"> .

I do call, however, and get my EOB's for the entire year (including prescriptions, which my insurance doesn't send out regularly) from my insurance company about mid-January- I am bad at keeping up with them during the year <img src="i/expressions/face-icon-small-blush.gif" border="0"> , and heavens, I want to make sure I include it <b>all</b>! - and use them for totalling up my copays, etc. (the vast majority I have to pay at the dr's office, pharmacy, etc.) Then I fish out my receipts for things that my insurance doesn't pay for (eyeglasses, nebs, etc.).

 

[jamie6girl]

Thanks! I am pretty good about keeping up with everything, I have a binder that I use to keep all medical related stuff. This is the first year that I've really done this for tax purposes, and I was hoping that all of it would be enough to meet the 7.5%. So I guess I was just trying to "pull a fast one" by using bills and EOB's vs receipts <img src="i/expressions/face-icon-small-wink.gif" border="0"> <br><br> If anyone has any other tax tips , please feel free to post! <img src="i/expressions/face-icon-small-tongue.gif" border="0">

 

[jamie6girl]

Thanks! I am pretty good about keeping up with everything, I have a binder that I use to keep all medical related stuff. This is the first year that I've really done this for tax purposes, and I was hoping that all of it would be enough to meet the 7.5%. So I guess I was just trying to "pull a fast one" by using bills and EOB's vs receipts <img src="i/expressions/face-icon-small-wink.gif" border="0"> <br><br> If anyone has any other tax tips , please feel free to post! <img src="i/expressions/face-icon-small-tongue.gif" border="0">

 

[jamie6girl]

Thanks! I am pretty good about keeping up with everything, I have a binder that I use to keep all medical related stuff. This is the first year that I've really done this for tax purposes, and I was hoping that all of it would be enough to meet the 7.5%. So I guess I was just trying to "pull a fast one" by using bills and EOB's vs receipts <img src="i/expressions/face-icon-small-wink.gif" border="0"> <br><br> If anyone has any other tax tips , please feel free to post! <img src="i/expressions/face-icon-small-tongue.gif" border="0">

 

[jamie6girl]

Thanks! I am pretty good about keeping up with everything, I have a binder that I use to keep all medical related stuff. This is the first year that I've really done this for tax purposes, and I was hoping that all of it would be enough to meet the 7.5%. So I guess I was just trying to "pull a fast one" by using bills and EOB's vs receipts <img src="i/expressions/face-icon-small-wink.gif" border="0"> <br><br> If anyone has any other tax tips , please feel free to post! <img src="i/expressions/face-icon-small-tongue.gif" border="0">

 

[jamie6girl]

Thanks! I am pretty good about keeping up with everything, I have a binder that I use to keep all medical related stuff. This is the first year that I've really done this for tax purposes, and I was hoping that all of it would be enough to meet the 7.5%. So I guess I was just trying to "pull a fast one" by using bills and EOB's vs receipts <img src="i/expressions/face-icon-small-wink.gif" border="0"> <br><br> If anyone has any other tax tips , please feel free to post! <img src="i/expressions/face-icon-small-tongue.gif" border="0">