Can Hsa Pay For Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, HSA can pay for the premiums of tax qualified Long Term Care Insurance. A Health Savings Account, even if part of an an employer sponsored cafeteria plan, is allowed to pay for medically qualified expenses, and Long Term Care premiums count as that. There are limits set by the IRS on how much can be paid by the HSA for LTC premiums, based on age.
    Answered on June 15, 2013
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