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Medical Insurance

Asked Aug 4, 2006, 08:47 AM — 2 Answers
I am about to retire from a large corporatation where I pay monthly premiums into our medical/dental plan. When I retire at end of year - that will stop and will purchase another family policy on my own. My wife has a travel agent business (a franchise - I.e. She receives a 1099 from them). My question - if I have HER apply for and pay for the medical insurance for her, me and our daughter - are those premiums something she can claim as a business expense (I am listed as an "associate" with $1.00 pay). Thanks in advance. Daughter is 17 yrs of age.

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AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
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#2

Aug 4, 2006, 02:59 PM


Yes, she can claim those premiums on her Schedule C under the deduction for self-employed health insurance. You do not have to be employed to be covered, as the deduction is for health insurance for spouse and dependents as well as the business owner.
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seo59.rajesh's Avatar
seo59.rajesh Posts: 7, Reputation: 10
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#3

Dec 3, 2011, 04:10 AM
As per i am concern www.healthinsuranceindia.org is the best information provider for senior citizen health insurance India. You can find all about senior citizen mediclaim from http://www.healthinsuranceindia.org/senior_citizen_health_insurance.asp
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