Yes, you can take the self-employed health insurance deduction for Medicare and Supplemental plans. According to Healthinsurance.org:
Prior to 2010, no Medicare premiums were deductible under t...
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Yes, you can take the self-employed health insurance deduction for Medicare and Supplemental plans. According to Healthinsurance.org:
Prior to 2010, no Medicare premiums were deductible under the self-employment health insurance deduction. From 2010 to 2012, only Part B premiums were deductible. But starting in 2012, premiums for Medicare A, B, C, and D, as well as Medigap/Medicare Supplement, became deductible under the self-employment health insurance deduction.
The IRS rules for the self-employed health insurance deduction clarify that:
Medicare premiums you voluntarily pay to obtain insurance in your name that is similar to qualifying private health insurance can be used to figure the deduction. Amounts paid for health insurance coverage from retirement plan distributions that were nontaxable because you are a retired public safety officer can’t be used to figure the deduction.