Yes, it is possible to deduct long term care insurance premiums as a medical expense, but there are certain conditions that must be met. According to the IRS, eligible long term care insurance premiums are included as medical expenses, subject to certain limitations based on the age of the insured individual. The maximum amount of long term care insurance premiums that can be deducted as a medical expense is based on the insured individual's age. For example, for individuals who are 40 or under, the maximum deductible amount is $450, while for those over 70, the maximum deductible amount is $5,640 in 2024. It's important to note that the total medical expenses, including long term care insurance premiums, must exceed a certain percentage of the taxpayer's adjusted gross income in order to be eligible for deduction. Additionally, the taxpayer must itemize deductions on Schedule A of Form 1040 in order to claim the deduction for long term care insurance premiums. It's advisable to consult with a tax professional or refer to the latest IRS guidelines for specific details and eligibility criteria regarding the deduction of long term care insurance premiums.