MEDICAL EXPENSES AND HEALTH INSURANCE PREMIUMS
You’re allowed a distribution to pay for unreimbursed medical expenses that exceed 7.5% of your adjusted gross income, or to pay for health insurance premiums for you, your spouse or children when you are unemployed.
A couple of things to note here: Traditional IRA money can be used to pay for the portion of the medical expenses that tops 7.5% of your adjusted gross income, meaning if you make $100,000 and have $15,000 in unreimbursed medical costs, you can use IRA assets to pay for $7,500 of it. For the health insurance during unemployment exception, you must take the distributions no more than 60 days after you’ve gotten a new job.