Skip to main content
Employee
June 3, 2019
Solved

Is a Catastrophic Plan through the Marketplace TAX DEDUCTIBLE?

  • June 3, 2019
  • 1 reply
  • 0 views
No text available
Best answer by JulieR

Yes, the premiums for Catastrophic Health Care Plans (if paid for with after-tax dollars) are deductible as an itemized expense on Schedule A. The total amount of your medical expenses will need to be greater than 7.5% of your adjusted gross income. 

1 reply

JulieRAnswer
June 3, 2019

Yes, the premiums for Catastrophic Health Care Plans (if paid for with after-tax dollars) are deductible as an itemized expense on Schedule A. The total amount of your medical expenses will need to be greater than 7.5% of your adjusted gross income.