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You may deduct health insurance that is in your name or in name of your business.IRS regulations specifically allow to deduct Medicare premiums.However - the supplement insurance costs from TRS may not be deducted as that is not insurance policy under your name.In additional self-employment insurance deduction on line 29 may not be more than your self-employment income.
Specifically - see instructions fro line 29 - on page 32
The insurance plan must be established under your business. Your personal services must have been a material income- producing factor in the business. If you are filing Schedule C, C-EZ, or F, the policy can be either in your name or in the name of the business.
and see on page 33
But if you were also eligible to participate in any subsidized health plan maintained by your or your spouse's employer for any month or part of a month in 2015, amounts paid for health insurance coverage for that month can't be used to figure the deduction.
Sorry if you expected differently.
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