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Level 1
June 6, 2019
Solved

Can AFLAC cancer policy premiums and accident premiums be deducted?

  • June 6, 2019
  • 1 reply
  • 40 views
These are not employer policies.
Best answer by DS30

Unfortunately no.

Taxpayers cannot deduct the cost of supplemental insurance policies, such as those provided by AFLAC, on their tax returns. According to the IRS, the cost of an insurance policy that pays a specified amount to insured parties who are sick or hurt is not a deductible medical expense.

1 reply

DS30Answer
Level 12
June 6, 2019

Unfortunately no.

Taxpayers cannot deduct the cost of supplemental insurance policies, such as those provided by AFLAC, on their tax returns. According to the IRS, the cost of an insurance policy that pays a specified amount to insured parties who are sick or hurt is not a deductible medical expense.