Test Your ACA Knowledge – Question 1

True or False? The employee and employer contributions for health coverage are tax deductible.

True – mostly.

When filing taxes, an individual may be able to take a deduction for purchasing health insurance (if it exceeds 7.5% of adjustable gross income).

An employer is permitted to deduct the cost of providing health insurance as a routine business expense; however, no deduction is permitted for Affordable Care Act (ACA) penalty fees.

For more information on the ACA, visit our website or contact your representative.

How Much Can You Earn as an Insurance Broker?

Find out what you can be earning as an insurance agent in our handy, up-to-date salary guide. Produced by our in-house experts, this resource is bound to help you in advancing your career.

Word & Brown Salary Guide