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Level 2
Apr 1, 2022 4:05 PM UTC
Question

Medicare premium reimbursement

My employer reimburses the cost of Medicare premium in our monthly check so is that taxable

    4 replies

    rjs
    Level 15
    Level 15
    Apr 1, 2022 4:20 PM UTC

    Yes, the reimbursement is taxable income. It's really just extra pay, no matter what the employer says it's for.

     

    arbaleeAuthor
    Level 2
    Apr 1, 2022 4:24 PM UTC

    So I am paying tax on the premium twice since I have to pay taxes on soc sec income 

    rjs
    Level 15
    Level 15
    Apr 1, 2022 4:31 PM UTC

    No, you are not paying tax on it twice. You only pay the premium once. You either pay it with taxable Social Security income, or you pay it with taxable income from your job. You can do whatever you want with the other taxable income that you don't use to pay the Medicare premium.


    If you have the Medicare premium deducted from your Social Security benefit, then you are paying it with your Social Security income. You are not using the extra money from your employer to pay the premium.