Anonymous
Post 02/18/2014 09:45     Subject: Re:Bank statements sufficient?

Anonymous wrote:
Anonymous wrote:I don't think bank statements will cut it. We have some places that don't participate with insurance so we file the claim separately. So our bank statement would show the full payment but not the insurance reimbursement. And of course you can't claim the insurance portion towards your 10% hurdle. OP just curious, what did you do that was over 10% of your AGI?


My income is not high. I have a high deductible and co-insurance and had a lot of medical issues last year that included exkevsjvd testing and 2 surgeries.

She's the 10% only apply to medical? What about education?


There's no deduction for education. There is a tax credit for college tuition, but there are different rules.

But you can't deduct education costs, except for student loan interest.
Anonymous
Post 02/18/2014 09:39     Subject: Re:Bank statements sufficient?

Anonymous wrote:
Anonymous wrote:I don't think bank statements will cut it. We have some places that don't participate with insurance so we file the claim separately. So our bank statement would show the full payment but not the insurance reimbursement. And of course you can't claim the insurance portion towards your 10% hurdle. OP just curious, what did you do that was over 10% of your AGI?


My income is not high. I have a high deductible and co-insurance and had a lot of medical issues last year that included exkevsjvd testing and 2 surgeries.

She's the 10% only apply to medical? What about education?


10% applies to medical. And keep in mind you can only deduct the amounts over 10% of AGI. So if your AGI is 40k, and your unreimbursed medical expenses are $5k you can only deduct $1k.

If you've got a high deductible plan you should get an HSA account. You can deduct the contributions to it and use the funds for medical expenses. It's not use or lose so you can carry over unused amounts.
Anonymous
Post 02/17/2014 22:14     Subject: Re:Bank statements sufficient?

Anonymous wrote:Can you print eob from insurance website?


+1 I would just call your insurance company (assuming you have one, disregard if now) and ask them to send you your year's billing. I've done this before when trying to determine if we should switch to a high deductible plan or not