General Discussion
In reply to the discussion: The cost of single payer .... the math at my house. [View all]KentuckyWoman
(6,687 posts)Last edited Sun Jan 17, 2016, 10:28 PM - Edit history (1)
Self employed people or people buying their own policies can deduct premiums paid with after tax dollars as long as it is not more than their earnings. Even if you are employed by someone else and pay your part of premiums with after tax dollars it is deductible.
But yes, expenses you paid that are above 10% of your AGI are the only part that is deductible.
i pay the full amount of my premium with no subsidy with after tax dollars. I can included the full amount of my premiums in my total medical expenses. In addition, my husband's premiums for medicare are also included in our total because he pays taxes on his social security. Taxes are calculated before the medicare premiums are deducted so he's also paying with after tax dollars.