Experts Demand Higher Tax Deductions for Health Insurance in Budget 2025
2025-01-17
moneycontrol.com
With medical costs on the rise, tax and financial experts are urging the government to increase tax breaks on health insurance premiums to Rs 50,000 for individuals and Rs 75,000 for senior citizens in the upcoming Budget 2025. This move is critical to provide relief to policyholders and promote health insurance coverage. Experts believe that higher tax deductions will incentivize more people to invest in health insurance, ultimately reducing the financial burden of escalating medical expenses and out-of-pocket healthcare costs. This proposed change is expected to benefit individuals and families, making health insurance more affordable and accessible, and is a key consideration for the government as it prepares the Budget 2025.
