I'm a retired federal employee under the older CSRS retirement
system. I did, however, pay into Medicare while I was working. Since I don't get Social Security, I pay my Medicare B premiums
quarterly. I also pay into the Federal Employee Health Benefit Program
(FEHBP) for supplementary medical insurance and also pay into a long term care
insurance program. I'm now working as a private engineering consultant
and file a Schedule C-EZ.
My question:
Can I deduct any/all of these
out-of-pocket insurance premiums based on being self-employed? If so,
where and how? A possible kicker....my wife is still working, not yet
Medicare age, and I could be covered by her employee health insurance as a
spouse (I currently am not and have my own FEHBP self-only plan). But maybe I can still deduct the Medicare Part B and long term
care?
