This is the first year of my forced retirement due to disability. My wife is employed part-time, without benefits. We are 61. I get Medicare January 2013 due to my disability status. Anyway, we both currently purchase individual Blue Cross policies. We have the monthly premiums we each pay, which total around $15K for 2011. We each have a $2.5K deductible, plus a $2.4 co-insurance. I've paid the total deductible for my policy, plus I've also paid the total co-insurance. My wife has paid less than all of each for her policy. I have about $2K of co-pays for prescription drugs, along with some co-pays for office visits. The rest has been covered by the insurance policy. When I deduct the medical expenses on 2011 return, can I just lump everything together for myself, and the separately for her. The IRS form has various line items, but my bills don't follow that type of format, plus I rarely know exactly what a charge covers, as only the insurance compnany gets the actual itemized bill. For me, can I simply add up the premuims, deductibles paid by myself, co-insurance paid by myself, co-pays paid by myself, and come up with a final lump sum number to put on the tax return? Is this ok? Thanks.
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