HFI Financial Group of Companies

Did you know . . .

because you're self-employed, your health and dental
plan could essentially Pay for itself.

If you're self-employed or are an employee of your own business, health and dental premiums may be a non-taxable benefit and a tax deductible expense. For others, the premiums may qualify as a medical expense and create a tax credit.

Here's how:

Health and Dental Plan Annual Premium:

$1050

Tax deduction assuming 40% marginal rate

-$420

Total Net Cost

$630

Saved Annual Expenses (paid through health & dental plan)

Prescription Drug costs

-$180

Dental costs

-$200

Contact lenses

-$100

Chiropractor/Registered Massage Therapist

-$150

Total Expenses

-$630

Your Cost

$0

The above is for illustrative purposes only and is not meant to be representative of every situation. You should seek the advice of a professional to determine your eligibility for tax deductions.

For Association Members: To get a quote, enroll, or find out more - click here
For Individual Health and Dental needs (not in an association) click here

Information Request Form click here

Call us toll-free at (866) 444-2745 with questions or comments about this web site.

Copyright © 1996-2011 Hatton Financial Inc.

Last modified: December 02, 2011

because you're self-employed, your health and dental plan could essentially Pay for itself.
If you're self-employed or are an employee of your own business, health and dental premiums may be a non-taxable benefit and a tax deductible expense. For others, the premiums may qualify as a medical expense and create a tax credit.
Here's how:
Health and Dental Plan Annual Premium:	$1050
Tax deduction assuming 40% marginal rate	-$420

Total Net Cost	$630

Saved Annual Expenses (paid through health & dental plan)
Prescription Drug costs	-$180
Dental costs	-$200
Contact lenses	-$100
Chiropractor/Registered Massage Therapist	-$150

Total Expenses	-$630
Your Cost	$0