Health Insurance premium increase

[johndelmore at suddenlink.net]

Hi Dean:
What are the tax consequences of this?  I guess your "premium" could be considered a deductable gift to charity from your end, but it wouldn't be much help to the 'needy' if it turns out to be taxed at the 70% "lottery" rate.

Not stirring the pot...I'm interested.

John

---- Dean May <deanmay at pianorebuilders.com> wrote: 
> I pay $285 per month (covers my whole family) and my check goes directly to
> a family that needs it- not a massive cold greedy (insert your own epithet)
> insurance company. Every month I get the name and address of who gets the
> current payment along with their ailment so that I can send them a note of
> encouragement and pray for them. Since my money is going directly to someone
> in need I feel really good about it.
> 
> 
> If I have a medical need I submit it to the home office who then divides it
> up amongst the 12,000 subscribers. The following month I get checks from
> people I don't know to cover my expense along with notes of encouragement. 
> 
> http://www.samaritanministries.org/index.html
> 
> 
> 
> Dean
> 
> Dean May             cell 812.239.3359 
> 
> PianoRebuilders.com   812.235.5272 
> 
> Terre Haute IN  47802
>