Is supplemental insurance deductable

[deefermo]

I pay for supplemental insurance to cove the 20% not paid by medicare

[HelenaC · Accepted solution]

Yes, it is. Premiums for the other Medicare programs – Part B (supplemental medical insurance), Part C (Medicare Advantage), and Part D (voluntary prescription drug insurance) – are deductible.

Medical, dental, and vision expenses are reported on Schedule A and entered in the Deductions & Credits section:

1. Open your tax return.
   (To do this, sign in to TurboTax and click the orange Take me to my return button.)
2. Search for Schedule A and then click the "Jump to" link in the search results.
3. Answer Yes on the Did you have any medical expenses in 2016? screen.
4. You will then be prompted to enter your medical expenses, starting with prescriptions.

If you're using Federal Free Edition or Basic and your medical expenses are large enough that you would benefit from itemizing deductions, you'll be prompted to upgrade to Deluxe, as the Federal Free and Basic versions do not handle Schedule A.