From the Hotline: Long-Term Care Insurance Premiums and HSA Funds
Question: May an employee pay premiums for long-term care insurance with health savings account (HSA) funds?
Answer: Yes, an employee may pay long-term care insurance premiums with HSA dollars, subject to limits based on age and annual adjustment. The instructions for Schedule A (Form 1040) generally contain the age/amount limits for the respective year. This information is typically found in the instructions for the respective tax year and the amount range depending on age.