Taxes on Health Insurance Premiums
I am retiring before 65 y/o. I will need health insurance until I enroll in Medicare. Everything I have read says that the health insurance premiums that I will pay between 60 and 65 are not tax deductible unless I am self-employed and even then I can not deduct more than I make self-employed. If I pull money from my 401k to pay health insurance premiums I will pay full income tax on that money so I actually have to pull out additional $$ to pay the taxes and I will also pay taxes on the money I withdraw to pay taxes. Do I understand correctly? I am looking at my pay stub and currently the money taken from my check for health insurance premiums is deducted from my taxable income. If drawing from 401k is taxes as regular income why do am I not allowed the same pre-tax deduction of health insurance premiums? Thank you in advance for responses.