Let’s talk about medical insurance. As an itemized deduction, there are three kinds of insurance that the IRS allows as a medical deduction: regular health coverage and medicare supplement coverage, medicare part B paid either by you or through your social security and long-term care coverage. Long-term care coverage is deductible up to an age-based maximum (the IRS has a table or course.) All other medical coverage is all deductible except for the 7.5% of AGI I talked about yesterday.
If you are self-employed (sole proprietor, LLC member,or an S Corp shareholder) you can avoid the AGI limitation and can deduct your insurance as self employed health insurance on the front of the return and deduct 100% of it.
S Corporation self employed health insurance has to be treated a certain way to get this deduction. I will cover that on Monday. Any questions, call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net 
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