topic Medical expenses in Get your taxes done using TurboTax

Medical expenses

tc2961 — Tue, 24 Feb 2026 07:32:47 GMT

I am retired and on a OBAMA Health Insurance Plan, are the health insurance premiums considered Medical expenses?

Re: Medical expenses

Corrlich44 — Wed, 25 Oct 2023 22:10:16 GMT

Hi tc2961,

Yes, all health insurance premiums you pay that are reported on an annual Form 1095-A are considered a medical cost or deduction. If you additionally wish to use it as a Medical Expense for Itemized Deductions purposes (as long as all your medical related costs exceed 7.50% of your Adjusted Gross Income), you can assess if the total amount in excess of the 7.50% allows you to claim that deduction, or it could be alternately more beneficial to claim it as a Self-Employed Health Insurance Deduction to reduce your Total Income, only if you are self-employed.

Re: Medical expenses

evelynm — Wed, 25 Oct 2023 22:14:29 GMT

Please also keep in mind that if the amount paid to your insurer actually exceeded the credit amount that you are eligible for, you would have to pay back the excess amount with your tax return. TurboTax does this calculation once you input your 1095-A.