...premium from my taxes?
I know about the 7.5% med. deduction threshold... my real question is deducting on the ins. premium as an individual -- can I?

As a medical deduction, yes. Medical deductions are subject to a 7.5% AGI limitation, meaning that only those that exceed 7.5% of your AGI are deductible.

First of all you must determine if you should use standard deductions or itemize your deductions. If you are using standard deduction the answer is NO! Those type expenses are already considered. If you itemize you may add the cost of health insurance and long term care insurance to your medical expenses. They will be subject to an exclusion or limitation of 7.5 % of your AGI. Which means that the exclusion must be exceeded before there is any net benefit.