Question 1

Can I pay my health insurance premiums with an HSA?

admin · Accepted Answer

You can use your HSA to pay health insurance premiums if you are collecting Federal or State unemployment benefits, or you have COBRA continuation coverage through a former employer. HSA holders age 65 or over (whether or not they are entitled to Medicare) may use HSA funds for any deductible health insurance (e.g., retiree medical coverage) other than a Medicare supplemental policy. The insured must also be age 65 or over if different than the HSA owner.

Question 2

Can I pay my health insurance premiums with an HSA?

admin · Accepted Answer

You can use your HSA to pay health insurance premiums if you are collecting Federal or State unemployment benefits, or you have COBRA continuation coverage through a former employer. HSA holders age 65 or over (whether or not they are entitled to Medicare) may use HSA funds for any deductible health insurance (e.g., retiree medical coverage) other than a Medicare supplemental policy. The insured must also be age 65 or over if different than the HSA owner.