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Posted by Alan on August 29, 2008, 10:34 pm
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Steve Pope wrote:
>
>> Jan Weingarten wrote:
>
>>> I've been self-employed for several years and have been claiming the
>>> health insurance deduction. I'm about to take a job that will (after
>>> three months) reimburse me $150/month for health insurance. My current
>>> plan costs over $700/month. I will be continuing my current business,
>>> so my self-employment will continue.
>
>>> So my question is - since I will be reimbursed for a (small) portion
>>> of my health insurance costs, will I still be able to use the
>>> self-employed health insurance deduction? Thanks!
>
>> Yes you can still take the deduction.
>
> Not if an employer health plan was an available option. The
> above post does not state whether or not this is the case.
>
> Declining an employer health plan is not good enough. That's
> my understanding. It's a frequent circumstance that an employee
> might decline an employer health plan, and accept some other
> sort of compensation in return (such as the $150 in this case).
>
> Steve
>
I assumed the job he was referring to was as a contractor and
that he remained a self-employed individual. That's why I said
the reimbursement would be on a 1099-MISC and not a W-2.
I leave it to the OP to clarify the ambiguity in his post.
--
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