If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially if you’re married and both you and your spouse are paying them.

a stethoscope sitting on a wooden table; image used for blog post about medicare premium deductions

But there may be a silver lining: You may qualify for a tax break for paying the premiums.


Continue Reading Can Seniors Deduct Medicare Premiums?

Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can be expensive, especially if you’re married and both you and your spouse are paying them.

But one aspect of paying premiums might be positive: If you qualify, they may help lower your tax bill.


Continue Reading Attention Seniors! Medicare Premiums May Lower Your Tax Bill