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robangie57
New Member

Can we use HSA to pay back subsidies?

 
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BMcCalpin
Level 13

Can we use HSA to pay back subsidies?

If you are referring to the ACA or Obamacare Premium Tax Credit (PTC) (which is a subsidy for your health insurance premiums), then the answer is "no".

The HSA can be used to pay for only "qualified medical expenses". The PTC pays towards your health insurance premiums under the Affordable Care Act. Most health insurance premiums are not considered qualified medical expenses for purposes of an HSA. See the discussion on page 8 at https://www.irs.gov/pub/irs-pdf/p969.pdf

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BMcCalpin
Level 13

Can we use HSA to pay back subsidies?

If you are referring to the ACA or Obamacare Premium Tax Credit (PTC) (which is a subsidy for your health insurance premiums), then the answer is "no".

The HSA can be used to pay for only "qualified medical expenses". The PTC pays towards your health insurance premiums under the Affordable Care Act. Most health insurance premiums are not considered qualified medical expenses for purposes of an HSA. See the discussion on page 8 at https://www.irs.gov/pub/irs-pdf/p969.pdf

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