Can You Deduct Individual Health Insurance Premiums? 
Technically , yes . However , how you file your taxes will have a lot to do with whether the deduction really amounts to anything . Depending upon how some self-employed persons and small business owners/partners structure their business and their tax arrangements makes a lot of difference . You need to talk with a CPA for that advice . But , for the ordinary person who works for a company that does n't provide health insurance and purchases an individual policy for themselves , the premium expenses can be included in that person 's medical expense deduction on their individual income taxes . The problem most people are faced with is that under the new ObamaCare requirements , your out-of-pocket medical expenses in total have to exceed 10 % of your adjusted gross income before you get any deduction at all -LRB- this is up from the previous 7.5 % level -RRB- . So , in practical terms , unless a person is really racking up some major health care expenses , very few taxpayers were reaching the old 7.5 % threshold and even fewer will clear the new 10 % level . Therefore , I would have to rate this as a paper deduction that , while you can report it , is largely an illusion for the average taxpayer . 