Deductions & credits

  • Hi Opus17, thanks for your great contributions and helpful insights above! I had a follow up question regarding paying premiums for a health sharing ministry plan given that the "premiums" you are paying are actually going towards other individual's medical expenses (at times it might be directed towards your own, if you had a recent "medical" expense that requires sharing). Given that "Qualified Health expenses" can only be incurred by your spouse and dependents, wouldn't that pose an issue when using those HSA funds to pay the premiums? Or would the "Premium" itself qualify as "your" medical expense regardless of where that money is distributed later? Thanks in advance! 

 

Qualified medical expenses are those incurred by the following persons.

  1. You and your spouse.

  2. All dependents you claim on your tax return.

  3. Any person you could have claimed as a dependent on your return except that