Can You Use HSA Funds For Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, you can use HSA (Health Savings Account) funds for long term care insurance premiums. Tax Qualified (TQ) long term care insurance is viewed as a medical expense by the IRS. HSA funds can thus be used for long term care premiums, in addition to other qualified medical expense, for a tax deductible contribution.
    Answered on September 8, 2013
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