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Are COBRA insurance premiums deductible?

Are COBRA insurance premiums deductible?

Q:  Are COBRA insurance premiums deductible? A: Yes they are deductible as a medical expense. You can only deduct the amount of medical expenses in excess of 7.5% of your Adjusted Gross Income and then only if you itemize deductions.

Michigan Cobra Insurance

If you were involuntarily terminated on or after September 1, 2008 and are not eligible for other health coverage (such as a spouse’s health plan or Medicare), then you may be eligible for a 65 percent reduction of your COBRA premium for up to 15 months....

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