Manufacturers may alter their products and/or packaging and the packaging and products may be different from what is shown on www.hy-vee.com. Read labels, warnings and directions on the package before using or consuming a product and contact the manufacturer to obtain additional information about a product. Content on www.hy-vee.com is not a substitute for advice given by a physician, pharmacist or other licensed healthcare professional.
Premiums are not deductible regardless of whether the insurance is government life insurance or regular commercial life insurance. Although life insurance premiums, as such, are not deductible, they may be deductible as the payment of alimony or as charitable contributions.
To understand insurance deductibles, imagine your deductible is $300, and you incur medical expenses for $2,000. You pay the $300 deductible, also called the out-of-pocket cost, and your insurer pays the remaining $1,700. However, if your entire medical bill is $300, you would pay the entire amount and your insurer would pay nothing. Insurance deductibles do not just apply to health insurance.