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Deductions For People On Medicare. For taxation purposes a person can claim a Medicare Deduction to help minimize the amount of taxes that they owe. That is that if a person is required to pay a substantial amount of costs as per there Medicare plan, those costs can be offset by the tax deduction.
This means that when you total up all of the medical bills you pay during the year, only the portion that is more than $3,000 can be claimed as a deduction. For example, if your total medical expenses for diabetes and other health-related issues cost $3,800, you can claim a $800 deduction.There is a temporary exemption from Jan. 1, 2013 to Dec. 31, 2016 for individuals age 65 and older and their spouses.his means that when you total up all of the medical bills you pay during the year, only the portion that is more than $3,000 can be claimed as a deduction. For example, if your total medical expenses for diabetes and other health-related issues cost $3,800, you can claim a $800 deduction.