Can HSA Be Used For Long Term Care Insurance?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   An HSA account can be used to pay long term care insurance premiums. A retirement health savings account (HSA) plan is an account developed for pre tax or tax deductible contributions for medical expenses. It generally is attached to a high deductible medical plan. Some employer sponsored medical plans that include an HSA account also make contribution to their employee's HSA account as an additional benefit.

   Answered on August 10, 2013

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