@kevinpal The Insurance Premiums don't have to be greater than 7.5% of your AGI, but you will only be able to deduct the total of Medical Expenses that are GREATER than 7.5% of your Adjusted Gross Income (which includes the insurance premiums).
When you enter your Medical Expenses, TurboTax will calculate any deductible amount for you on Schedule A.
For example, you have Insurance Premiums of $1,000, Rx co-pays of $500, Doctor and Dentist Bills of $500, your total Medical Expenses are $2,000.
If your AGI is $20,000, for instance, you would be able to deduct $500 of the total of $2,000 (7.5% of $20,000 is $1,500) as Medical Expenses on Schedule A.
If your Insurance Premiums are your only Medical Expense, and they are less than 7.5% of your AGI, you wouldn't be able to deduct any of this amount.
Click this link for more info on Medical Expenses.
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