Does Health Insurance Affect Tax Return? 
Your health insurance can impact how you file your tax return . For example , if you have an HSA -LRB- Health Savings Account -RRB- and you made contributions during the tax year you are filing , you may be entitled to deductions that will reduce your taxable income . If you itemize your deductions , Then there may be an impact on your adjusted gross income , depending on how many medical expenses you had and the type of health insurance you carry . Self-employed persons may have additional opportunities for reductions if they pay health insurance premiums . Of course , your tax adviser would be a great resource and perhaps an experienced broker to review the health insurance issues . 