Aetna Medicare Plan

MH108 · ‎February 7, 2020

I retired through School Employees Retirement System of Ohio (SERS). I elected to enroll in Aetna Medicare Plan, dental and vision plans through SERS. The premium for this coverage is deducted from my monthly retirement payment - can I deduct these premiums from my Ohio State taxes?

MaryK4 · ‎February 7, 2020

Yes, you can deduct the premiums if you are paying tax on the entire disbursement- look at your 1099-R to see if the Box 1 amount is the amount you received in cash or if the premiums are added (they should be).

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MaryK4 · ‎February 7, 2020

Yes, you can deduct the premiums if you are paying tax on the entire disbursement- look at your 1099-R to see if the Box 1 amount is the amount you received in cash or if the premiums are added (they should be).

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MH108 · ‎February 8, 2020

Not sure I completely understand. My insurance premiums are part of my monthly deductions just like federal and state taxes which result in my Net Pay. So, the amount in Box 1 is not the amount I received.

MaryK4 · ‎February 10, 2020

Yes, this is deductible because you are paying with pre-tax dollars! @MH108

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