I am 61 years old and retired a year ago and continued my dental plan under my former employers early retiree COBRA dental plan. I pay the full dental premiums for the same plan I was using when employed and am able to continue this coverage until I am 65. Would my premiums qualify as a qualified medical expense per the following IRS guidelines (#2 below) as my dental plan is considered a continuation COBRA plan?
You cannot treat insurance premiums as qualified medical
expenses unless the premiums are for:
1. Long-term care (LTC) insurance,
2. Health care continuation coverage (such as coverage under COBRA),
3. Health care coverage while receiving unemployment compensation under federal or state law, or
4. Medicare and other health care coverage if you were 65 or older (other than premiums for a Medicare supplemental policy, such as Medigap).
