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retiree medical benefit
After retiring, my employer paid retirement pay and I kept my medical insurance at no cost to me. The employer stopped my medical coverage, but began giving me a monthly stipend to buy (medicare supplement) insurance. I do not get a 1099 for this medical benefit. Do I need to report it as income? If I purchase a medicare supplement plan can I claim that as a deduction and should I reduce that by the amount given to me by my former employer?
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‎February 26, 2024
12:04 PM