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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