Massachusetts Premium Assistance
I pay for retiree insurance from an ex-employer. My income is below the Federal Poverty Level and so I qualify for premium assistance from MA. This isn't the federal Premium Tax Credit because I don't buy my insurance through the market place as I qualify for MassHealth which is Medicaid in Massachusetts. I get the choice of to go on Medicaid or continue with my retiree insurance and have MA send me a check to pay a portion of the premium.
Can anyone tell me how the MA Premium Assistance is dealt with on the Federal Tax form...
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