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Can AFLAC cancer policy premiums and accident premiums be deducted?

These are not employer policies.
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DS30
New Member

Can AFLAC cancer policy premiums and accident premiums be deducted?

Unfortunately no.

Taxpayers cannot deduct the cost of supplemental insurance policies, such as those provided by AFLAC, on their tax returns. According to the IRS, the cost of an insurance policy that pays a specified amount to insured parties who are sick or hurt is not a deductible medical expense.

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DS30
New Member

Can AFLAC cancer policy premiums and accident premiums be deducted?

Unfortunately no.

Taxpayers cannot deduct the cost of supplemental insurance policies, such as those provided by AFLAC, on their tax returns. According to the IRS, the cost of an insurance policy that pays a specified amount to insured parties who are sick or hurt is not a deductible medical expense.

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