Medical Tourism News
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Medical Tourism News
Helping Individuals, Insurance Companies & Businesses Find Affordable Care
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When you can deduct the expenses of medical tourism

When you can deduct the expenses of medical tourism | Medical Tourism News | Scoop.it

“IRS Publication 502 explains what medical expenses can be deducted. It states "Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners.”

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Using Health Savings Account Funds for Medical Tourism

Using Health Savings Account Funds for Medical Tourism | Medical Tourism News | Scoop.it

“Many people have the option of contributing to a Health Savings Account or healthcare Flexible Savings Account through their employer where they also have health insurance. The contributions to these accounts is tax advantaged as they are contributed pre-tax and any amounts you don’t use are rolled over from year to year. A smart way to make the most of those savings is through medical tourism since you are paying with tax advantaged funds.”

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