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einnoc4
New Member

I am self-employed and on medicare insurance. Do I post the medicare premiums under my self-employed insurance line item?

 
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ChristinaS
Expert Alumni

I am self-employed and on medicare insurance. Do I post the medicare premiums under my self-employed insurance line item?

Yes, you can! Medicare premiums you voluntarily pay to obtain insurance in your name that is similar to qualifying private health insurance can be used to figure the deduction.

This was actually clarified just a few years back.

https://www.irs.gov/pub/irs-wd/1228037.pdf

https://www.irs.gov/pub/irs-pdf/p535.pdf

Be sure to enter the Medicare as Self-Employed Insurance. If its coming from your SSA-1099, be sure not to type it in there too. That pulls to the Schedule A automatically, so you want to avoid double-dipping.

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ChristinaS
Expert Alumni

I am self-employed and on medicare insurance. Do I post the medicare premiums under my self-employed insurance line item?

Yes, you can! Medicare premiums you voluntarily pay to obtain insurance in your name that is similar to qualifying private health insurance can be used to figure the deduction.

This was actually clarified just a few years back.

https://www.irs.gov/pub/irs-wd/1228037.pdf

https://www.irs.gov/pub/irs-pdf/p535.pdf

Be sure to enter the Medicare as Self-Employed Insurance. If its coming from your SSA-1099, be sure not to type it in there too. That pulls to the Schedule A automatically, so you want to avoid double-dipping.

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