1. Injuries, illnesses, or other conditions for which a
health insurance policy does not provide
coverage. Exclusions exist because they are thought to be too
risky for the health insurance provider. For example, many insurance providers exclude treatment for some types of cancer because they are so
expensive to treat. See also:
Pre-existing condition.
2.
Income that is not considered
gross income for tax purposes. Exclusions include
gifts,
inheritance, and some others. It is important to note that just because a type of income is an exclusion, it does not mean that it is not taxed; it simply may be taxed differently. Exclusions are stated in the
U.S. Tax Code.