Cancer Insurance

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  • tonia2021
    Senior Member
    • Mar 2007
    • 119

    #1

    Cancer Insurance

    Does cancer insurance qualify for the self-employed health insurance deduction?
  • erchess
    Senior Member
    • Jan 2007
    • 3513

    #2
    I don't think so

    I believe the rules are the same as for deducting insurance on Sch A medical. Anyone got another opinion?

    Comment

    • BP.
      Senior Member
      • Oct 2005
      • 1750

      #3
      If income replacement, then those don't qualify. Pub 535 p. 19

      Comment

      • Burke
        Senior Member
        • Jan 2008
        • 7068

        #4
        Originally posted by tonia2021
        Does cancer insurance qualify for the self-employed health insurance deduction?
        If the policy pays for medical bills due to cancer, then yes, it is deductible on Sche A and/or SEHI. If it pays for income loss, then no.

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