Premiums paid for insurance policies that provide for the payment or reimbursement of the following expenses are all deductible as medical expenses except premiums for:

A. A long-term insurance contract that pays a guaranteed amount for each week the taxpayer is hospitalized for sickness or injury and provides for a cash surrender value.

B. Prescription drugs.

C. Membership in an association furnishing cooperative or "free-choice" medical service.

D. Replacement of contact lenses.