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If My health insurance cost are $6500/yr and my employer…

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If My health insurance...

If My health insurance cost are $6500/yr and my employer pays that, would it be cheaper for me to pay the tax on that amount or to enroll in a medicare program since I am over 65 and in the 25% tax bracket.

Submitted: 7 months ago.Category: Tax
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Answered in 12 minutes by:
11/19/2017
Tax Professional: Richard, Tax Attorney replied 7 months ago
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 56,884
Experience: 29 years of experience as a tax, real estate, and business attorney.
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Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

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Tax Professional: Richard, Tax Attorney replied 7 months ago

Good morning. Does the employer include this cost in your income? Also, what is the deductible under your health insurance provided by the employer? Thanks.

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