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    Here_To_Help- Jon's Avatar
    Here_To_Help- Jon Posts: 97, Reputation: 26
    Junior Member
     
    #1

    Aug 4, 2006, 08:47 AM
    Medical Insurance
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #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.
    seo59.rajesh's Avatar
    seo59.rajesh Posts: 7, Reputation: 1
    New Member
     
    #3

    Dec 3, 2011, 05:10 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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