Are health insurance premiums eligible medical expenses?
Generally, health insurance premiums are not eligible medical expenses, except for the following: • Qualified long-term care insurance • COBRA health care continuation coverage • Health care coverage while you are receiving unemployment compensation In addition, if you are over age 65 you may use HSA funds to pay the following premiums: • Medicare Part A and/or B • Medicare Prescription Drug Coverage • Medicare HMO • Premiums for employer-sponsored health insurance, or employer-sponsored retiree plan Note: Medicare Supplemental policy premiums are not eligible medical expenses.
• Qualified long-term care insurance • COBRA health care continuation coverage • Health care coverage while you are receiving unemployment compensation In addition, if you are over age 65 you may use HSA funds to pay the following premiums: • Medicare Part A and/or B • Medicare Prescription Drug Coverage • Medicare HMO • Premiums for employer-sponsored health insurance, or employer-sponsored retiree plan Note: Medicare Supplemental policy premiums are not eligible medical expenses. Q: If I am no longer enrolled in an HDHP, can I still use my HSA? A: Yes. You do not have to be enrolled in an HDHP to use your HSA. If you enroll in Medicare or become covered by a non-HDHP, you can still use the remaining balance of your funds. However, you can only make contributions to an HSA if you are enrolled in an HDHP. Q: Are claims incurred prior to the establishment of the HSA eligible for reimbursement from the HSA? A: No. Your HSA is established on the effective date of your Blue Options HSA pol
