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Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29558
Experience:  Taxes, Immigration, Labor Relations
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If I make $120K and my wife makes $50K is their a greater

Customer Question

If I make $120K and my wife makes $50K is their a greater advantage for one of us to sign up for benefits (medical, dental, etc) than the other, with the "other" declining coverage and going on a family plan?
Submitted: 1 year ago.
Category: Tax
Expert:  Lev replied 1 year ago.

There is no tax advantage - but if your and your spouse's employer - bot are offering health insurance benefits - you might want to evaluate and compare each plan and your actual medical needs - and decide which option is better for you.
Then you compare the cost and verify if any additional benefit comes with additional cost and if that additional cost is justified.

If you are looking to purchase the plan outside your employer - that is possible - but usually plans offered by employers are better.

Expert:  Lev replied 1 year ago.

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