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Are grants from a 501c charity for medical expenses taxable income?

I have leukemia and the drug I take costs many thousands of dollars each month. My Medicare Advantage insurance takes care of most of it.  However, the copay is over $500/month.  There is no way I can afford that.  I received a grant from Healthwell to cover the copay for 2015. They did no issue any kind of 1099, so is this medical assistance taxable?  Thanks for your help.
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Accepted Solutions

Are grants from a 501c charity for medical expenses taxable income?

A gift received is not reportable or taxable.

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2 Replies

Are grants from a 501c charity for medical expenses taxable income?

A gift received is not reportable or taxable.

Are grants from a 501c charity for medical expenses taxable income?

However, you must reduce your reported medical expense deduction by the amount of the grant as if it were reimbursement

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


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