Where do you find the amount you paid for health insurance premiums? What are premiums?

Forum|Forum|4 years ago
February 24, 2022
12 replies
138 views

I am not self employed, I have insurance thur my job. I pay every week out of paycheck, not sure how much

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AnnetteB6

Level 15

The health insurance premium is the amount that you pay for your health insurance. If you are paying for your health insurance through your job, then you should be able to see the amount that is deducted from each paycheck on your check stub.

Generally, when health insurance premiums are paid through payroll deductions, that money comes out of your paycheck pre-tax. This means that you will not pay income tax on the money used to pay for your health insurance. That also means that you cannot enter the amount into your tax return as a deduction because it was not taxed initially.

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rvakidAuthor

Level 2

I don't have a paycheck stub, it's all direct deposit. Does it say "premiums" on the stub or would it be called something else? I don't really use or understand health insurance, i just have it so i don't get the fine every year.