As can pay for copayments, coinsurance, deductibles, and other qualified medical expenses. Typically, your health insurance premiums don’t fit into the category of HSA-eligible expenses. However, the IRS allows exceptions for premiums that fall under the following categories:
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COBRA premiums and other healthcare continuation coverage
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Medicare premiums
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Long-term care insurance (deduction limits based on age)
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Health insurance premiums paid while receiving unemployment benefits
If you’re not sure if an expense counts as an HSA-eligible item, call your HSA administrator. They can help you determine if your premiums and other expenses would be approved.
