turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ukkats
New Member

I'm retired and have continued my medical insurance through my former employer. I received a form 1095-C. Can I report my medical insurance premiums on my taxes?

I'm not 65 yet so I'm not eligible for medicare.
1 Best answer

Accepted Solutions

I'm retired and have continued my medical insurance through my former employer. I received a form 1095-C. Can I report my medical insurance premiums on my taxes?

Medical insurance premiums that you are paying out of pocket can be entered on your tax return under medical expenses.

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2017—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

4 Replies

I'm retired and have continued my medical insurance through my former employer. I received a form 1095-C. Can I report my medical insurance premiums on my taxes?

Are you paying premiums out of your taxable income?
ukkats
New Member

I'm retired and have continued my medical insurance through my former employer. I received a form 1095-C. Can I report my medical insurance premiums on my taxes?

Yes

I'm retired and have continued my medical insurance through my former employer. I received a form 1095-C. Can I report my medical insurance premiums on my taxes?

Medical insurance premiums that you are paying out of pocket can be entered on your tax return under medical expenses.

MEDICAL EXPENSES

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2017—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I'm retired and have continued my medical insurance through my former employer. I received a form 1095-C. Can I report my medical insurance premiums on my taxes?

Wasn't sure about employer sponsored insurance.  Thanks!

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies