Medicare Premiums Deductible

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Medicare Premiums Deductible

Question: are medicare premiums deductible?

Can you deduct the cost of Medicare premiums and Part D drug plan premiums as a health insurance premium on your taxes?
thanks




Answer: check this out http://www.irs.gov/pub/irs-pdf/p502.pdf

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Medicare open enrollment: time to make sure you’re in the right plan

(ARA) – Of the more than 45 million people relying on Medicare for health care coverage, many may be paying for a plan that doesn’t meet their needs or is too expensive.

Low cost health care, low premiums and no annual deductible




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