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GST reforms: No input tax credit on commission for individual health, life insurance policies from Sep 22; insurers to bear cost
Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life policies, as clarified by CBIC. This aligns with the new GST structure ... Read More
No GST on life and health insurance: How much will you really save?
Under the proposal, premiums for life and health insurance could be completely exempt from GST. You would pay only the base premium quoted by your insurer, without the 18% tax. Read More
Health insurance prices are likely to rise next year, experts say
Pricey prescriptions and nagging medical costs are swamping some insurers and employers now. Patients may start paying for it next year. Health insurance will grow more expensive in many corners of ... Read More
She's bracing and saving to pay $2,800 a month for ACA health insurance next year
Next year, when her health care premium balloons, "it's gonna be a real hit," Ellen Allen says. "I'm worried about it." Allen lives near Charleston, W.Va., and directs a small nonprofit called West ... Read More
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