Can you get reimbursed for health insurance payments if you are an independent contractor?

Question

I am an independent contractor (real estate agent) and just wanted to see if it were possible to be reimbursed for my monthly insurance payments. I sell for a developer, but I am not employed by them.
Thanks!

Answer 1

No. Being provided health insurance is an employee benefit. If you are not an employeee, you don't get the benefits.

You can use the cost as an itemized deduction on your income taxes.

Answer 2

Probably no. However, contrary to what bdancer222 wrote, if you are an independent contractor, you are legally "self-employed" and deduct the payments on the line on the front of the 1040 for health insurance for the "self-employed" (it is in the "adjustments to income" section, near the line for IRA contributions), not on the medical expense line of Schedule A. Unlike an employee, you can claim the expense even if you do not itemize or do not have enough in other medical expenses to exceed the required % of gross income.

Answer 3

By whom?

You're self employed. No one is going to 'reimburse' you for health insurance.

Answer 4

each and every state has distinctive rules for what qualifies as a "team" for scientific coverage. i could advise which you touch a fabulous scientific coverage broker provider on your area and ask them in case you are able to variety a team and if so, what point of participation would be required. In my area, if the gang is over 20 persons, the organisation can pass maximum persons of the cost directly to the worker and the participation value drops to seventy 5%. short answer: ask a close-by broker provider.

Answer 5

No. But if you purchase the insurance on your own, and not via their group policy, you can make it a tax deduction if you itemize.