Keyword Analysis & Research: gm retiree medical benefits coverage

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Frequently Asked Questions

What are the cost benefits of GM foods?

One benefit of GM foods is the ability to increase higher crop yields due to built-in defenses against disease, pests and insecticides. GM foods are also designed with increased nutrients. For example, to help alleviate chronic malnutrition, Asian countries are planting genetically engineered rice crops that contain increased iron and vitamins.

Is reimbursement for my health insurance taxable?

Generally speaking, reimbursements for health insurance are taxable if they were made in excess and contributed to the amount of income generated during the year. In addition, Health Reimbursement Accounts, often referred to Health Reimbursement Arrangements, or HRAs, are tax-free.

Are employee health insurance contributions taxable?

Health Savings Account. Employer contributions are not taxable income for the employee. However, if the employee does not use the funds to pay medical expenses, such as health insurance premiums, that would normally be deductible, the employee must report the distributions and pay tax on them.

Are you eligible for a health insurance subsidy?

If you do not have health coverage provided through an employer, or eligible for Medicare, or Medicaid, you may qualify for federal financial help, called a health insurance subsidy, established by the Affordable Care Act (ACA) to help cover some of the premium and out-of-pocket costs of health coverage.

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