2-minute readPublished 04/17/2024Updated 04:53 AM EST, 09/12/2025
Yes, Medicare premiums can be tax deductible. The Internal Revenue Service (IRS) considers premiums for Medicare and other health insurance policies as qualified medical expenses.
However, there are certain guidelines you must meet before you file your taxes. Here’s a closer look which parts of Medicare are tax deductible, what expenses are not eligible for a tax deduction and more.
If you or your tax professional believe you’re eligible to deduct out-of-pocket medical expenses when you file your taxes, and you itemize your deductions, the following Medicare premiums would qualify:
Medicare Part A (hospital) premiums. Most people who have worked and paid taxes don’t pay a monthly premium for Part A.
Medicare Part B (medical) premiums. In 2025, the standard monthly Part B premium is $185.
Medicare Part C (Medicare Advantage/MA) premiums.
Medicare Part D (prescription drug plan) premiums. You’ll pay a separate monthly premium if you choose a stand-alone prescription drug plan.
Medicare Supplement Insurance (Medigap) premiums. Premiums vary from state to state and are based on your age when you sign up.
Medicare Advantage plans help expand your Medicare coverage beyond Original Medicare, often with extra benefits. Explore Humana’s Medicare Advantage plans in your area today!
2-minute readPublished 04/17/2024Updated 04:53 AM EST, 09/12/2025
While qualifying medical expenses may be deductible, the costs for things that support your general health and well-being, like vitamins or a week at the beach, are not deductible.
Other non-deductible medical expenses include elective cosmetic surgery, drugs not approved by the Food and Drug Administration, and end-of-life costs for funerals, burial or cremation.2
If you’re self-employed and your business shows a profit you can claim your health insurance premiums as a tax deduction. This includes premiums for Medicare Parts A and B, Medicare Advantage, Part D prescription drug plans and Medicare Supplement plans . Keep in mind that you can only claim these deductions on your income tax return, not your employment taxes.1
Funds in an HSA or flexible spending account have never been taxed. Deducting expenses paid for with these accounts would be like double-dipping, so the IRS does not allow that.
In general, you’ll want to look at premiums, deductibles, copays and out-of-pocket spending limits when considering overall Medicare costs. Those costs will vary based on whether you opt for Original Medicare or a Medicare Advantage plan. Learn more about the specific costs of Medicare Parts A, B, C and D .
If your medical expenses, including Medicare plan premiums, add up to 7.5% or more of your adjusted gross income and you itemize your deductions, you should qualify.3
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