can't find this addressed anywhere - I currently have health insurance under my employer, covering myself, my husband (who is not working), and my 24-year old son who is employed and has access to his own employer health insurance but does not take it because its cheaper for him to remain on mine. Anyway, I am retiring in 6 months and will lose my employer health insurance for myself, my husband and my son. I am 65 (and my husband will be turning 65 1 month after I retire), so we will both be going on Medicare. After retirement, I will be working as a self-employed consultant for my former company, so I know I can deduct our Medicare premiums (at least up to the amount that I earn as a self-employed person). My question has to do with my son. He can buy health insurance through his company (which is kind of expensive for him as he does not make a lot of money yet). As a self-employed person on Medicare, can I purchase private health insurance for him (not employer sponsored), and deduct the premiums from my taxes because he is under 26? (all I can find on this subject is that as a self-employed person I can deduct health insurance premiums for myself, my spouse, and my children under 26, but this is a weird situation in that 1) my husband and I will both be on Medicare, so my son will need a completly separate health insurance plan from us because he cannot be covered on our Medicare plan, and 2) my son is eligible to buy health insurance through his employer. But this would actually be a win-win if allowed... my son would save money by not having to buy his own health insurance through his employer and the tax deduction for us would actually be subsantial enough to save us a decent amount of money also.
