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No, your HSA and a long-term health care savings account in Arizona are two different things, even though you can use HSA funds (within limits) to pay for long-term health care premiums.
Arizona defines the following:
3. "Long-term health care savings account" means a trust established or organized in this state exclusively for the purpose of paying the long-term health care expenses of the taxpayer who established and made contributions to the account. See the Arizona Legislature's website.
Since your HSA was not created to exclusively pay long-term health care expenses, this means that it is not the same as the Arizona long-term health care savings account.
No, your HSA and a long-term health care savings account in Arizona are two different things, even though you can use HSA funds (within limits) to pay for long-term health care premiums.
Arizona defines the following:
3. "Long-term health care savings account" means a trust established or organized in this state exclusively for the purpose of paying the long-term health care expenses of the taxpayer who established and made contributions to the account. See the Arizona Legislature's website.
Since your HSA was not created to exclusively pay long-term health care expenses, this means that it is not the same as the Arizona long-term health care savings account.
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