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Can I claim amount paid out-of-pocket for Covered CA health insurance premiums?

The Deductions & Credits page in TurboTax that covers medical insurance premiums says don't include premiums for an Affordable Care Act Plan.

 

We have medical insurance through Covered CA for which we pay the balance of the monthly premium after the subsidy is applied. Can the portion of the medical premium that we pay for out-of-pocket be deducted under "medical insurance premiums" on TurboTax? (For example, the total monthly premium is $2,600, the subsidy is $1,500, and we pay $1,100 monthly.)

 

How do we handle the amount that we pay for the Covered CA medical insurance premium for tax purposes?

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1 Reply
AmyC
Employee Tax Expert

Can I claim amount paid out-of-pocket for Covered CA health insurance premiums?

Add the  insurance premium you pay in the federal section under medical expenses. Don't forget band-aids and other expenses. See all in Publication 502, Medical and Dental Expenses

 

All qualified out of pocket medical expenses can be put under medical expenses. However, the program is "helping" by including the Affordable Care expenses entered in another section into the medical section for you. Therefore, any other medical expenses should be entered by you.

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