Amounts collected under accident and health insurance policies purchased by the taxpayer are excludable from income.

Name: Amounts collected under accident and health insurance policies purchased by the taxpayer are excludable from income.
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Amounts collected under accident and health insurance policies are generally excluded from income, as long as the premiums were not paid using pre-tax dollars through an employer-sponsored plan.

Amounts Collected Under Accident and Health Insurance Policies Purchased by the Taxpayer