Are insurance premiums for catastrophic health insurance plans deductible? Not paid through healthcare.gov or state marketplace

[TomK · Accepted solution]

Yes, the premiums (if paid for with after-tax dollars) are deductible as an itemized expense on schedule A. The total amount of your medical expenses will need to be greater than 7.5% of your adjusted gross income. Enter amounts under the Medical section.

If you are self-employed, enter the premiums under the business expenses (but the premiums are deductible only up to the net income from the self employment).