You can deduct medical insurance premiums as a business expense under the following conditions:
The policy must be in your name or the business name
Your deduction for self-employed health insurance is limited to net income on your Schedule C less the
deductible part of your self-employment tax (Form 1040 line 29), less
contributions to a qualified retirement plan
If you received a subsidy or premium tax
credit to purchase a health insurance plan in the Health Insurance Marketplace
through the Affordable Care Act, any advanced-payment subsidy that lowered the
cost of your health insurance premiums cannot be claimed as a tax deduction.
However, the money you paid out of your own pocket for your premiums might be
tax deductible.
You can't include premiums for any month you were also eligible to
participate in any subsidized health plan maintained by your employer or your
spouse’s employer.
However, payments for those months are
deductible on Schedule A if you itemize deductions
If your Tricare policy is in your name and you meet the above qualifications, you can deduct it as a self employment expense.
