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Solved

Aetna Medicare Plan

Forum|Forum|6 years ago
February 7, 2020
3 replies
34 views

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?

Best answer by MaryK4

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).

MaryK4Answer

Level 15

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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MH108Author

Level 2

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.

Level 15

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

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