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