Can HSA Funds Be Used For Medicare Premiums?
5527 POINTSview profileMarlin McKelvyPresident, Consumer Directed Benefit Solutions, Memphis, TennesseeIf you have accumulated funds in a Health Savings Account when you reach age 65 and become eligible for Medicare you can use these funds to pay the premiums for Medicare Part B coverage, or to pay for a Medicare Advantage plan (also known as part C), and/or for a Medicare Prescription drug plan (also known as Part D). You can also use the funds to cover medical expenses not covered by Medicare such as copays and co-insurance. My understanding is that HSA funds cannot be used to pay for MediGap policies.Answered on May 7, 2014flag this answer
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