topic Healthcare insurance premiums reimbursement in Deductions & credits

Healthcare insurance premiums reimbursement

Chrislong001 — Tue, 04 Feb 2020 03:20:14 GMT

Last year I left my job and I got this bill from my former employer regarding the healthcare insurance premiums that they paid for me. It was a lot more than what I usually paid. They said they charged me the full premium. Can I claim it as a medical expense in my tax return?

Re: Healthcare insurance premiums reimbursement

AmyC — Tue, 04 Feb 2020 03:38:08 GMT

Yes, you paid it with after tax dollars so it can be included with your medical expenses.

Re: Healthcare insurance premiums reimbursement

Chrislong001 — Tue, 04 Feb 2020 04:09:36 GMT

Thanks. But can I apply it to my 401k withdrawal? Because I used most of it to pay the bill.

Re: Healthcare insurance premiums reimbursement

ColeenD3 — Tue, 04 Feb 2020 17:34:22 GMT

You can choose the exception that allow you to subtract the amount that was over 7.5% of your AGI. Please see the screen shot below. You can also include it as a medical expense.