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I am retired. I pay for my health care through my ex employer. I pay $300 a month directly to them. I pay the remaining $550 a month through a paid up life insurance poli

policy that I own through them. I deduct the $300. can I also use the $550 as a deduction.

Best answer by RichardK

Payments made from your paid up life insurance policy for your health insurance may be deductible by you as itemized deductions.

Employee

Payments made from your paid up life insurance policy for your health insurance may be deductible by you as itemized deductions.

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