Are health insurance premiums eligible under my HSA?

Answer On One Hand: Generally Premiums Are Not CoveredGenerally health insurance premiums are not qualified medical expenses under a health savings account. Allowable medical expenses are defined by the ... Read More »

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Can I use my HSA to pay for health insurance premiums?

Typically, you cannot use money from your health savings account (HSA) to pay for health insurance premiums. However, exceptions are made for premiums you pay for while receiving unemployment benef... Read More »

Are health insurance premiums tax deductible?

Health insurance premiums can be deducted from your federal income taxes once your medical expenses exceed 7.5 percent of your adjusted gross income. Anything you pay above the 7.5 percent is deduc... Read More »

How to Write Off Health Insurance Premiums?

Unreimbursed health insurance premiums are included as a qualifying medical expense, according to the Internal Revenue Service. Qualifying medical expenses can be written off if you choose to itemi... Read More »

What are health insurance premiums?

Health insurance premiums are the consideration paid in exchange for a contract with a health insurance provider that agrees to pay eligible health costs on your behalf. According to Read More »