Medicare Plan G Deductible 2024 For Seniors. Yes, your medicare premiums can be tax deductible as a medical expense if you itemize deductions on your federal income tax return. Plan g (the most comprehensive plan available to seniors eligible for medicare before and after 2020) has a national average premium of about $145 per.
The medicare part b deductible is only $240 for 2024. You can only deduct medical.