Enrollment dates, plan availability, benefits, costs, and rules may be updated. Confirm current information at Medicare.gov or call 1-800-MEDICARE.
Medicare premiums may count as medical expenses for federal income tax purposes, but counting an expense is not the same as receiving a deduction.
Itemized medical expense deduction
IRS Publication 502 says Medicare Part B and Part D premiums can be included as medical expenses. If you itemize deductions, only the total qualifying unreimbursed medical and dental expenses above 7.5% of adjusted gross income are deductible under the current rule.
Important limits
You cannot deduct amounts paid tax-free, reimbursed by insurance, or already claimed through another credit or deduction. Rules for self-employed people may differ.
Get individual tax guidance
Tax treatment depends on your income, filing status, other expenses, and how premiums were paid. Legacy Health Insurance does not provide tax advice. Keep Social Security and plan statements and consult a qualified tax professional.