Health insurance premiums paid by self-employed individuals are not subject to the 7.5% threshold like they are for everyone else.
Self-employed people can use these expenses as what is commonly known as an above-the-line deduction.
This reduces your taxable income dollar-for-dollar without being subject to the threshold when itemizing.
These expenses are deductible up to the amount of self-employment income you pay SE tax or payroll tax on.
You can also deduct contributions you made to your retirement plans.