I am a little confused about whether or not I can deduct our insurance premiums from 2020. Our employment and insurance history is a bit confusing, so bear with me.
My husband worked a consulting job from January to April as a 1099 employee, received unemployment from May to November, and then worked a barely part time consulting position as a W-2 employee for Nov and December.
In January and Feb we had subsidized COBRA premium. From March to August we paid 100% of our COBRA premium, and then switched over to a Med Share plan of which we pay 100% of the premium.
My understanding is that as long as we are paying more than 50% of our premium, aren't on a non-qualifying insurance programs (i.e. Medicaid, Medicare, etc.) and receive unemployment, then I can deduct for those months. Is that right? Does the Med Share plan count toward that? I believe it is a state qualified plan. If I'm right, I should be able to deduct our insurance premiums from March to November.
Help! Thanks everyone.
