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samenichols
New Member

Retired, not working, on a pension, Social Security, and Medicare. Can premiums for supplemental medical insurance (BCBS) be deducted?

 
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TomD8
Level 15

Retired, not working, on a pension, Social Security, and Medicare. Can premiums for supplemental medical insurance (BCBS) be deducted?

Yes, premiums for a Medicare supplemental policy are a legitimate medical deduction.

Remember that your total medical expenses are deductible only to the extent that they exceed 7.5% of your Adjusted Gross Income.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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TomD8
Level 15

Retired, not working, on a pension, Social Security, and Medicare. Can premiums for supplemental medical insurance (BCBS) be deducted?

Yes, premiums for a Medicare supplemental policy are a legitimate medical deduction.

Remember that your total medical expenses are deductible only to the extent that they exceed 7.5% of your Adjusted Gross Income.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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