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Author: 007wiseFool007 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: health insurance tax-sheltering screw-up Date: 8/27/2003 3:59 PM
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Hi,

My employer's benefits plan offers tax-sheltering of health insurance. Even being a Fool, I knew the advantages of saving money on taxes. But somewhere in the sign-up process, my forms got lost, and it turns out that I am paying for it from my net income. Now:

1. I spoke to HRM, and they said that it's an IRS regulation that I cannot opt for tax-sheltering during mid year. I am not sure if that's correct. Maybe it involves a lot of paperwork?

2. Since my employer offeres tax-sheltering, and even though I missed the boat, is there any chance that I can claim deductions when I am filing taxes for this year? I mean, conceptually, I should be allowed to do it.

Any help would be appreciated.
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