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Medical Debt and Financial Wellness

Medical Debt is the #1 cause of bankruptcy in the United States and the biggest threat to your financial nest egg. Having insurance is no guarantee you won’t face medical debt, as most people are underinsured. Learn how to navigate the complicated and predatory medical billing system, while staying out of debt.

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Medical Debt and Financial Wellness

Are Health Care Costs Tax Deductible?

ByDecoding Healthcare March 8, 2022May 21, 2025

If you’re wondering if health care costs are tax deductible, the answer is mostly “yes” but also, “it depends.” First, to understand what a health care deduction is, there are a few things we’ll get out of the way. We assume you know what taxes are and when they’re due (they’re due at different times…

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