2024 | The Financial Advisor's Guide to Healthcare and Taxes

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Tax planning is a major part of a financial plan — whether you as a financial advisor include it in your service offerings or your clients have separate tax professionals that they work with. Even if you don’t offer tax planning as a service, it’s still helpful to know the basics. Similarly, you might not offer healthcare planning right now (we can help with that though), but it’s helpful to know some of the basics so you can better guide clients and stand out from competitors. In this guide, we’re going to combine both of these important topics so that you can:

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• Confidently discuss four basic but crucial healthcare factors that can impact clients’ taxes.
• Use healthcare planning strategies to tap into additional tax savings opportunities, reduce total financial risk, and deliver a more robust tax offering.
• Better communicate and coordinate with clients' tax professionals about a complex area of taxes (healthcare).

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We’ll dive into four main healthcare-related factors that impact tax planning:

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• Medical Tax Deductions
• HSA Contributions and High-Deductible Health Plans
• IRMAA
• Premium Tax Credits

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Download the free guide below!

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