That’s been a useful introduction to the medical expense tax credit you can see that it’s a fairly tough T who is credit in practice I wish it were easier I wish that we could claim it from maybe the first dollar of medical expenses.
But it’s not so so it is important to understand it because of its particular limitations and because we see that a little bit of planning here can maybe open up some opportunities that we would not have otherwise considered thank you very kindly and I hope you enjoy.
Your continued studies hi and welcome back to the business career college video series in this video we’re going to look at private health services plans P HSPs it’s not a term that you run into much in practice.
But you’ll more often see in practice is the health spending account or healthcare spending account and these are essentially just practical ways of implementing a PHS P on a or sometimes you’ll see a cost plus arrangement so.
These are all various arrangements that use the HSP rules or healthcare spending account now the PHS P rules are actually designed originally to take care of this situation where we have an employer so.
This is the rules in their base form the employer pays premiums for a health insurance plan for an employee and then the employee uses those benefits tax-free so it’s a tax-free benefit but with the premium.
Dental vision insurance Dentist or providers and a list of co-pays which is a standard cost you will spend for office visits and specific dental services let’s take aDental vision insurance look now at a dental PPO plan Dental insurance PP o stands for preferred provider organization.
if you choose a Dental vision insurance dental POP plan you #facebook can expect higher premiums than a dental HMO and annual maximum – your benefits for Dental insurance example at $, per year maximum or $, per year max but it varies by plan and network of dentists.
The Things U Should Know About Dental vision insurance
dental ppo insurance or providers that have agreed to offer discounted services and you can choose to use to save money to choose those doctors #Wikipedia some benefits paid to out of network dentists.
providers you might choose to go instead a list of percent individual dental insurance the insurance company will pay for different dental services dental prices for example many dental cover a hundred percent of preventive services as I mentioned earlier like exams and cleanings that may pay only.
bridges now let’s take a look at dental indemnity plans full dental insurance this is a traditional fee for service insurance offering the most freedom of choice you can expect higher premiums than either dental HMO or dental video and annual maximum cheer dental prices benefits as small deductible you have to meet no network of Dental vision insurance .
reasons due to the risk of adverse full dental insurance selection the insurance companies can put and pose a certain a waiting period for the individual dental plans for example some contracts will not let you get any basic services in the first six months of the policy and you might have to wait as much as months in order to get major procedures covered there are some .
exceptions and I will have one of those plans in my comparison chart dental prices that I will post under this video now that you understand the basics of how dental insurance works let’s talk about the types of dental insurance plans which is another area that can be totally confusing and can change each time you renew your health insurance if your dental .