Can I pay my health insurance premium with funds from my HSA?

No. You have to pay the premiums with after-tax dollars. However, because your deductible is high, your premiums are low. In addition, by paying your deductible out of your HSA account, your health-care dollar goes 50% further. That鈥檚 because your HSA dollars are sheltered from withholding taxes of 35% in federal income tax, and 7.65% in Federal Insurance Contributions Act (FICA) tax, and 9.3% in state income tax (California). For example, you would have to earn $200 in after-tax dollars to pay a $100 prescription drug deductible. That same deductible could cost only $100 from an HSA account.

To find a qualified plan in your area, contact a health insurance broker. A broker works with several health insurers and can help figure out the best plan, company, rates and coverage. To find a broker, log on to a website like http://www.healthinsurancewiz.com and fill out a form requesting a free quote. Your information will be sent to a broker in your area who will contact you.

nope not as far as I know.Just your deductibles

You can only 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.

No. The only premium you can pay with tax-free money is for Long Term Care premiums.

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