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Insurance

Tax deducibility for health insurance premiums?

Monday 25th of March 2024

“We all know that our existing healthcare system has broken parts. Mostly because of our population size, tax take, geographic stretch etc.,” Smee wrote on LinkedIn.

“So, for those that can afford the premiums, and therefore take the pressure of the public system, how about making the premium tax deductible?” he asked.

“We can claim donations, income protection and interest on property investment so why not private medical insurance.”

But insurance agents don't think it's likely the current government would even consider making premiums tax deductible.

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