Medicare C premiums confusion

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  • FEDUKE404
    Senior Member
    • May 2007
    • 3647

    #1

    Medicare C premiums confusion

    Client is receiving Social Security and on Form SSA-1099 there are entries for Medicare B, C, and D premiums "deducted from your benefits."

    The Medicare C premium is shown as "Medicare Advantage premiums" and is less than $50.

    Common sense tells me the Medicare C premiums are a (potential) medical deduction, but even my software is confused as to whether it truly is.

    When I look at the 2011 IRS reference ( http://www.irs.gov/pub/irs-pdf/p502.pdf ) I can find no mention of Medicare C at all.

    Have I (not!) been out in the sun too long recently??

    Thanks for any guidance.

    FE
  • Gene V
    Senior Member
    • Jun 2005
    • 1057

    #2
    Here is some information on Medicare C

    Comment

    • FEDUKE404
      Senior Member
      • May 2007
      • 3647

      #3
      Clarification

      Originally posted by Gene V
      Here is some information on Medicare C

      http://www.medicare.gov/navigation/m...ookieSupport=1
      I already know what Medicare C is.....the posed question is whether it can be considered a valid medical deduction on Schedule A.

      (I personally think it can!)

      FE

      Comment

      • veritas
        Senior Member
        • Dec 2005
        • 3290

        #4
        I don't see

        why not. It is medical insurance.

        Comment

        • FEDUKE404
          Senior Member
          • May 2007
          • 3647

          #5
          Logic does not always rule

          Originally posted by veritas
          why not. It is medical insurance.
          My position exactly.

          However, just try to find it listed in the cited IRS publication. (Reference is made to Medicare A, B, and D only.)

          Intuit product has a separate entry line for same. Other professional software asks only for B and D premiums for medical deduction purposes.

          FE

          Comment

          • FEDUKE404
            Senior Member
            • May 2007
            • 3647

            #6
            Update

            The TaxACT folks have sent me some cut/pasted information from Pub 502 (guess what - it's NOT mentioned even in the current 2011 version!) and they also told me it was "a gray area." I would need to contact the IRS folks to find out the correct answer.

            FWIW: Apparently, for the Intuit software folks, it is NOT "a gray area." They provide a worksheet with line entry for Medicare C premiums which automatically transfers the amount to the worksheet for all other medical expenses.

            Oh well, the amount is not great enough to get stressed over.

            FE

            Comment

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