topic Medicare and supplimental premiums on Schedule C in Self employed

Medicare and supplimental premiums on Schedule C

booshebach1 — Mon, 23 Feb 2026 12:31:57 GMT

I had 1099 NEC reportable income this year. This was also my first full year on Medicare. Can both my wife's and my medicare, supplimental and Part D premiums be deducted as an expense on schedule C to offset freelance income earned?

Re: Medicare and supplimental premiums on Schedule C

DavidD66 — Tue, 14 Feb 2023 23:39:07 GMT

Yes, but only the premiums for the months that you were actively working as self-employed. For example, if you worked as self-employed the months of February, March, and April, and then July, September, and November, then you can deduct six months of Medicare, Medicare Supplement, and Medicare Part D premiums.

Re: Medicare and supplimental premiums on Schedule C

booshebach1 — Tue, 14 Feb 2023 23:49:32 GMT

So if I was activly working on the project Jan-July, I can only claim 7 months of medicare premiums not the entire year? Is that correct?

Re: Medicare and supplimental premiums on Schedule C

PattiF — Wed, 15 Feb 2023 00:11:52 GMT

Yes, that is correct. And you can't write off more in health insurance premiums than you earned.

@booshebach1