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If i paid for my long term care premium through my hsa is the premium then not deductible?

In 2016 I paid for my LTC premium trough my HSA.  Since I used my HSA am I correct that I cannot deduct the premium separately? 

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Accepted Solutions
HelenaC
New Member

If i paid for my long term care premium through my hsa is the premium then not deductible?

No, you cannot get reimbursed from your Health Savings Account (HSA) and claim the long-term care insurance premiums on your Schedule A, Itemized Deductions. That would be double dipping.

For additional information click on: Can I deduct medical costs paid through my HSA or MSA?

Related information:

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2 Replies
HelenaC
New Member

If i paid for my long term care premium through my hsa is the premium then not deductible?

No, you cannot get reimbursed from your Health Savings Account (HSA) and claim the long-term care insurance premiums on your Schedule A, Itemized Deductions. That would be double dipping.

For additional information click on: Can I deduct medical costs paid through my HSA or MSA?

Related information:

If i paid for my long term care premium through my hsa is the premium then not deductible?

What if the LTC premium exceeds the allowable reimbursement amount from your HSA?  Can you claim the remaining premium as a medical expense on your taxes?

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