Self-Employed health insurance deductions - not a MarketPlace plan but qualifies under ObamaCare Act. Can I deduct premiums?

[melissa-quast]

I am self-employed and participate in a medical cost sharing program (which qualifies under the ObamaCare Act).  Can I deduct my monthly premiums like I would be able to, if I had a MarketPlace product?

[KittyM · Accepted solution]

Medical cost sharing programs like Medishare or Golden Rule are not considered medical insurance under the Affordable Care Act, although they do provide an exemption from the requirement to have medical insurance.  

Since they are not medical insurance, your contributions are not deductible.

[melissa-quast]

Thank you for the prompt, clear reply!

[KittyM]

My pleasure!