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I read that I can pay Long Term Care (LTC) insurance premiums from my HSA account. Does the amount I use for LTC premium count towards my catastrophic limit?

April 26, 2017account HSA Insurance LTC pay Premium premiums read term

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I read that I can pay Long Term Care (LTC) insurance premiums from my HSA account. Does the amount I use for LTC premium count towards my catastrophic limit?

2 Answers

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You can use funds from your HSA to pay for LTC insurance premiums. The amount you withdraw from your HSA to pay LTC premiums would NOT count toward your catastrophic limit nor toward your deductible because it is not a covered expense under the health Plan.

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You can use funds from your HSA to pay for LTC insurance premiums. The amount you withdraw from your HSA to pay LTC premiums would NOT count toward your catastrophic limit nor toward your deductible because it is not a covered expense under the HDHP Plan.