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March 16, 2025
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Do I need to claim a payout received from my insurance plan for critical care?

  • March 16, 2025
  • 1 reply
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I have MetLife Critical Care and had a heart attack, this is covered by my plan and pays out 20K. Do I need to claim this on my taxes?
    Best answer by MAK70

    No, if it was a policy payout and used for qualified expenses, it is not taxable income.  

    1 reply

    MAK70Answer
    March 16, 2025

    No, if it was a policy payout and used for qualified expenses, it is not taxable income.