Question

PRIVATE HEALTH INSURANCE OVERSEAS FILER

Forum|Forum|1 year ago
March 6, 2025
2 replies
0 views

Hello,

I am an Overseas Filer and would like to know if I buy a private health insurance policy to cover me in my country of residence, can I take a tax deduction when I file with the IRS?

Thank you.

Not A Product Question

M

MAK70

Yes, you can deduct the cost of foreign health insurance as a medical expense on your U.S. tax return.

H

HAPPINESS25Author

Hello,

Thanks for your reply but, before spending thousands of euros on a private health insurance policy, could you kindly just reference it?

Is there any published IRS documentation that states that U.S. Overseas filers residing in a foreign country, who buy a local long-term health insurance policy, can take a deduction for it on their U.S. tax return?

Thanks very much & kind regards.

DaveF1006

There's no authoritative reference that specifically says that foreign private is/is not deductible. Addtionally, if you read Publication 502 about health insurance, it doesn't say you can't get health insurance from a foreign country. It doesn't make any distinction between foreign-sourced or US sourced providers.

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H

HAPPINESS25Author

Hello thanks very much for your reply which appears to be one of "deductive reasoning".

The only issue is that an Overseas Filer - who is also required to file taxes in his country of residence - can most likely (depending on the country, of course), take a deduction on their foreign residing country's tax return as well so, in theory, can they take a deduction for the same healthy insurance premium twice on both tax returns? or would this be considered dishonest ?

Thanks & kind regards

HAPPINESS25