topic Yes, you can, see below for more information: https://ttl... in Deductions & credits

Can I deduct Medicare premiums on Schedule C?

jholden12 — Thu, 06 Jun 2019 15:10:49 GMT

My wife and I receive Medicare parts A and B (primary) and have retiree health plans which must be secondary. I am self-employed and would like to deduct Medicare premiums on schedule C. An accountant friend says that we can since our retiree health plans are secondary and IRS does not consider them to be subsidized employer health plans.

Yes, you can, see below for more information: https://ttl...

Marketstar — Thu, 06 Jun 2019 15:10:51 GMT

Yes, you can, see below for more information:

https://ttlc.intuit.com/replies/5460150

Click "See entire answer....

Marketstar — Thu, 06 Jun 2019 15:10:52 GMT

Click "See entire answer....

Thanks. Does this mean that my secondary health plan is n...

jholden12 — Thu, 06 Jun 2019 15:10:54 GMT

Thanks. Does this mean that my secondary health plan is not considered a subsidized employer health plan because it is secondary?

As I understand your question, a subsidized employer plan...

Marketstar — Thu, 06 Jun 2019 15:10:56 GMT

As I understand your question, a subsidized employer plan would be group insurance that either you and/ or a spouse is eligible to participate in-which would not qualify one to deduct as a Schedule C expense. If you are referring to Medicare Supplement insurance, you can deduct it as a Schedule C expense.

That answers my question. I was hoping that because the g...

jholden12 — Thu, 06 Jun 2019 15:10:57 GMT

That answers my question. I was hoping that because the group plan was secondary (not medigap) and not primary, it would not keep me from deducting Medicare premiums only on schedule C. Thanks for quick response.

Your welcome, and thanks for choosing TurboTax.

Marketstar — Thu, 06 Jun 2019 15:10:58 GMT

Your welcome, and thanks for choosing TurboTax.

Re: Yes, you can, see below for more information: https://ttl...

db_sedwxtfzc — Sun, 10 Apr 2022 16:42:44 GMT

Intuit makes it difficult to get access to this link: https://ttlc.intuit.com/replies/5460150