No, a premium subsidy which is what you received from BCBS Federal, for Medicare Premium payments is not considered Medical Reimbursement.
Medical Reimbursement is reimbursement for procedures and services performed by providers made by commercial payers such as Aetna, United Healthcare, or federal intermediaries acting on behalf of healthcare programs. Reimbursement is based on claims and documentation filed by providers using medical diagnosis and procedure codes.
If the money that you receive for Health Insurance Subsidy from BCBS is used as a direct reimbursement for insurance premiums, then it is not taxable income and you do not need to report it.
If you are itemizing your deductions on Schedule A instead of taking the standard deduction, make sure that you do not include the amount of the subsidy as medical insurance premiums. You will need to deduct the subsidy amount from your total medical insurance payments if you are itemizing.
No, a premium subsidy which is what you received from BCBS Federal, for Medicare Premium payments is not considered Medical Reimbursement.
Medical Reimbursement is reimbursement for procedures and services performed by providers made by commercial payers such as Aetna, United Healthcare, or federal intermediaries acting on behalf of healthcare programs. Reimbursement is based on claims and documentation filed by providers using medical diagnosis and procedure codes.
If the money that you receive for Health Insurance Subsidy from BCBS is used as a direct reimbursement for insurance premiums, then it is not taxable income and you do not need to report it.
If you are itemizing your deductions on Schedule A instead of taking the standard deduction, make sure that you do not include the amount of the subsidy as medical insurance premiums. You will need to deduct the subsidy amount from your total medical insurance payments if you are itemizing.