topic Public safety officer insurance exclusion in Deductions & credits

Public safety officer insurance exclusion

maryspears — Tue, 10 Feb 2026 10:03:17 GMT

Can I use my medicare premiums off my SSA-1099 as an insurance exclusion for my Public Safety Officer??

Re: Public safety officer insurance exclusion

Bsch4477 — Sun, 14 Jan 2024 17:48:21 GMT

Yes, Medicare qualifies for the exclusion.

Re: Public safety officer insurance exclusion

Bsch4477 — Sun, 14 Jan 2024 17:49:00 GMT

Yes, Medicare qualifies for the exclusion.

Re: Public safety officer insurance exclusion

dmertz — Mon, 15 Jan 2024 01:13:03 GMT

[Edited] This exclusion applies only to distributions from a qualified retirement retirement plan subject to Section 402 of the tax code. Payments for Medicare Part B or Part D can be treated as the payments for such insurance whether or not they are paid out of pocket or paid with withholding from your Social Security payments. Medicare Part B payment can be claimed as an itemized medical deduction if you itemize deductions on Schedule A, but you must exclude from that deduction the amount used for the exclusion.

Re: Public safety officer insurance exclusion

Bsch4477 — Mon, 15 Jan 2024 01:03:45 GMT

I assume that the poster is asking about the $3,000 medical insurance premium exclusion from his qualified pension income as a public safety officer. He can use his Medicare premium payments for that exclusion but if he itemizes he would have to deduct that amount from what he claims on Sch A for his Medicare premium expense.

Re: Public safety officer insurance exclusion

dmertz — Mon, 15 Jan 2024 01:06:28 GMT

I think I misunderstood the question. I'll modify my response.

Re: Public safety officer insurance exclusion

sgt119 — Thu, 09 Jan 2025 22:14:46 GMT

if I’m claiming the $3000 exclusion for Healthcare, I can use that against the Social Security/Medicare cost every month and how do I send Medicare the $3000?

Re: Public safety officer insurance exclusion

Bsch4477 — Thu, 09 Jan 2025 23:04:30 GMT

You don’t exclude anything from Medicare. Simply exclude the cost from your retirement income when you report your 1099-R. You can only exclude what you paid up to a maximum of $3,000 for premiums for you, your spouse and dependents.

Re: Public safety officer insurance exclusion

sgt119 — Fri, 10 Jan 2025 01:07:49 GMT

I’m sorry, but I’m still unclear as pulling out the $3000 from my 457 account requires the amount of money sent directly to your healthcare provider to offset your payments. So what am I asking is can I use the $3000 to offset the Medicare cost that Medicare charges you separate from the Medicare advantage program. At my state, the Medicare advantage plan for retired first responders doesn’t really cost anything and you’re only real cost is what the Medicare administration charges you every month

Re: Public safety officer insurance exclusion

Bsch4477 — Fri, 10 Jan 2025 01:56:06 GMT

The HELPS Retirees Improvement Act of 2022 eliminated the requirement that premiums be paid directly to the insurance provider.
Eligible PSOs can exclude the smaller of $3,000 or the amount of their insurance premiums from their gross income.

Re: Public safety officer insurance exclusion

sgt119 — Fri, 10 Jan 2025 03:09:08 GMT

I show hr 7203 for 2022 did not pass

Re: Public safety officer insurance exclusion

Bsch4477 — Fri, 10 Jan 2025 03:49:23 GMT

https://itap1.for.irs.gov/owda/0/resource/Commentary_Files_Redirect_ITA/en-US/help/SaftyOf.html