topic One Time Charge - "Prepaid" Lifetime Medical Transportation Expense deducted the year the charge was incurred? in Deductions & credits

One Time Charge - "Prepaid" Lifetime Medical Transportation Expense deducted the year the charge was incurred?

2023 Prepper — Tue, 24 Feb 2026 08:16:10 GMT

I purchased a "lifetime" emergency medical transportation membership in 2023 to cover any future emergency medical transportation expenses not completely covered by Medicare - such as flight for life - for the rest of my life. In doing so, I incurred a one-time expense - or premium - all paid in December of 2023. There will be no future premiums expenses incurred for the rest of my life.

Assuming I itemize deductions, can I deduct the entire cost of the lifetime membership on my 2023 tax return?

Re: One Time Charge - "Prepaid" Lifetime Medical Transportation Expense deducted the year the charge was incurred?

Anonymous_ — Wed, 27 Dec 2023 00:03:13 GMT

https://www.irs.gov/publications/p502#en_US_2022_publink1000178852

Re: One Time Charge - "Prepaid" Lifetime Medical Transportation Expense deducted the year the charge was incurred?

2023 Prepper — Fri, 29 Dec 2023 18:29:23 GMT

Thank you Champ for sharing a copy of IRS Publication 502. But I've read it and am unable to find a specific answer to my inquiry. Can you please offer me additional direction? Thank you.

Re: One Time Charge - "Prepaid" Lifetime Medical Transportation Expense deducted the year the charge was incurred?

Anonymous_ — Fri, 29 Dec 2023 18:33:19 GMT

You can include only the medical and dental expenses you paid this year, but generally not payments for medical or dental care you will receive in a future year.

Re: One Time Charge - "Prepaid" Lifetime Medical Transportation Expense deducted the year the charge was incurred?

2023 Prepper — Fri, 29 Dec 2023 19:12:01 GMT

Thanks Champ, Looks like I'll have to wait to claim the cost if / when I ever incur an ambulance ride or flight for life.