dmlugin
New Member

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?