Health Insurance Deduction for Independent Contractor

[harveyjb]

I'm an independent contractor on Medicare with a Medigap policy.  The Medigap policy is the one offered by CalPERS (CalPERS: California Public Employees' Retirement System) through my wife's former employer, but I pay for it.  She is not yet Medicare eligible and her entire premium is still covered by CalPERS as a retiree.  

My question is: Can I take a deduction of the whole premium (Medicare and Medigap), just the Medicare, or none at all?  My net income exceeds the cost of the premiums, so no limitation there.

Thank you!

[MinhT1]

You cannot deduct self-employed health insurance for the months in which you or your spouse were eligible to participate in an employer-subsidized health plan

Therefore, both your premiums under the Medicare and Medigap program are not eligible for the Self-employed health deduction.

Please read this TurboTax Help article for more information.

@harveyjb 

Edited 03/07/2023 ]  6:18 AM

[harveyjb]

Okay, thank you for taking the time to answer.  I wouldn’t be disqualified by virtue of my wife technically having her own employer-sponsored health plan (i.e. former employer), correct?  Thanks again.

[MinhT1 · Accepted solution]

@harveyjb 

I have done further research and have edited my answer.

[harveyjb]

Okay, thank you.