Are premium assistance payments taxable?
Are premium assistance payments taxable? I'm pretty sure they are not, but rather than waiting for a hour on the phone to call the official state number I thought I'd ask here first.
I qualify for MassHealth (MA Medicaid) but because I have health insurance from my previous employer the state will pay a part of the premium to keep me off the Medicaid rolls. I'm pretty sure that premium assistance check is not taxable and when I do my taxes it just reduces the amount the health insurance payments I can claim as a deduction.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS