E Medical Insurance Premiums
 
(01/01/14 - 03/31/14)
Medical and hospitalization insurance premiums intended to cover medical expenses, are ALLOWABLE for NA ONLY. This includes health, dental, and vision insurance. Allow the entire amount of a group insurance premium, even when it also covers participants who are ineligible for a medical expense deduction.
 
WARNING
When keying Medicare premiums as an expense, see Medicare Premiums for policy and procedures.
 
EXCEPTION
DO NOT allow costs for accident and disability insurance benefits. These include the following:
Benefits payable in lump sum settlements for death or dismemberment.
Income maintenance policies such as those that cover mortgage or loan payments (including auto loans) while the policyholder or beneficiary is disabled.
 
 
Key the expense on EXPC using the ME Expense Code.