Are Medicare Part B payments deductible?

Answer According to the Internal Revenue Services of the United States Department of Treasury, Publication 554 on deductions, any medical expenses over 7.5 percent of your adjusted gross income is tax ded... Read More »

Top Q&A For: Are Medicare Part B payments deductible

What part of Medicare payments are tax deductible?

Money paid to Medicare is in some cases tax deductible. Factors that affect deductibility include age, Social Security benefits and Medicare premium type. Taking deductions can ensure that you don'... Read More »

Is Medicare Part B deductible?

Medical and dental expenses, including health insurance premiums, are tax deductible. As long as you itemize your deductions, instead of taking a standard deduction, then you can claim health insur... Read More »

What is the Medicare Part A deductible for 2012?

The Medicare Part A Deductible for 2012 is $1,156 for the first 60 days. $289 per day co-payment from days 61-90 days. $578 per day co-payment from 91-150 days.

How much is the inpatient deductible on Medicare Part A?

The inpatient deductible on Medicare Part A, according to the Department of Health & Human Services (DHHS) Medicare Support Center site is "A total of $1,100 for a hospital stay of 1-60 days." If ... Read More »