When you receive you travel insurance confirmation documents, don’t just save the wallet cards and throw the rest away! That confirmation document also acts as your income tax receipt. Many people may be surprised to learn that travel medical insurance is tax deductible as a medical expense. This one simple tip could help many people fit their travel insurance expenses into their overall yearly budget.
It’s important to note, however, that only travel medical insurance is eligible, not trip cancellation or interruption insurance.