Are Health Insurance Premiums and Medicare Premiums Tax Deductible?

Whether health insurance premiums are tax deductible depends on your tax status and whether you meet IRS criteria for deducting health insurance expenses. To help you determine whether an expense is deductible—including who may qualify as your dependent for purposes of the deduction—see IRS Publication 502, Medical and Dental Expenses online at www.irs.gov/pub/irs-pdf/p502.pdf.


To determine whether Medicare premiums are eligible for a tax deduction, you may include the following expenses:

  • Medicare Part B monthly premiums (for medical costs other than hospital bills),
  • Part C Medicare Advantage plan premiums
  • Part D prescription drug coverage premiums

Note: This information is not offered or intended as tax advice. See your tax advisor, visit IRS.gov or contact the Internal Revenue Service for tax information and guidance.

Return to the Medicare FAQ section to view more answers to other commonly asked questions about Medicare prescription drug coverage.