ANNEBV
Jan 26 2001, 11:22 AM
Defined Benefit Plan. Pensioners receive monthly installments. A portion of their installments is used to purchase medical insurance and/or dependent life insurance, if elected by the pensioner.
How are these insurance premiums reported on the 1099Rs?
RCK
Jan 26 2001, 06:05 PM
It seems to me that the participant is choosing to spend a portion of their after-tax income on insurance, and that has no impact on what you report.
pax
Jan 26 2001, 06:21 PM
Ditto, assuming that this is indeed being spent as after-tax income and they are not somehow (incorrectly?) included in a cafeteria plan.
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