Gross Income Exclusion for Eligible Retired Public Safety Workers

Are you a retired public safety worker receiving your pension from MainePERS? Did you retire at or after your normal retirement age, or due to disability?

If you answered yes to both of these questions, you may be able to exclude up to $3,000 from your gross taxable income for those health insurance dollars you paid. Health insurance premiums deducted from your MainePERS benefit or paid directly by you to the insurer can qualify.

For more information, please see IRS Publication 575 or contact a tax preparer or advisor.