Expert Call: Increase Tax Deduction on Health Insurance to Combat Rising Medical Costs
2025-01-17
moneycontrol.com
With medical costs escalating, tax and financial experts urge the government to raise tax breaks on health insurance premiums. They recommend increasing the deduction limit to Rs 50,000 for individuals and Rs 75,000 for senior citizens, citing the need to support citizens in managing healthcare expenses. This move could provide significant relief to policyholders, encouraging more people to invest in health insurance plans and mitigate financial risks. Experts believe this is a critical step towards making healthcare more affordable and accessible, especially for senior citizens, and promoting health insurance as a vital investment for a secure future.
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