![]() ![]() In addition, employees who are enrolled in health insurance (not COBRA) and who also receive unemployment compensation are allowed to pay for their insurance premiums with their HSA funds.Įmployees who are 65 years of age or older may pay their premium portion of a health insurance plan provided by an employer with their HSA funds. There are, however, some exceptions.įor employees who elect for COBRA coverage, they may pay for COBRA premiums with their HSA funds. In general, you can't use HSA funds to pay for your health insurance premiums. HSA Funds and Their Relation to Insurance Premiums These expenses can range from AA meetings, acupressure, and adult day care to defibrillators and disposable underwear. In addition, some treatments are covered only if they're deemed medically necessary. ![]() Because there are differences between HSAs, FSAs, LCFSAs (limited care flexible spending accounts), and DCFSAs (dependent care flexible spending accounts), some medical issues that are eligible under one plan are not eligible under others. This way, you won't have to pay out-of-pocket for a service you mistakenly believed to be eligible for coverage. If you have specific questions or concerns relating to a procedure, it's best to consult with your plan or plan provider. In general, you'll need a prescription for HSA-eligible medical items such as: Such non-prescription items that are generally HSA-eligible include: You do not generally need a prescription for products that don't contain active medical ingredients. ![]() These are not meant to be exhaustive lists, and you should consult with your particular HSA plan to be clear about eligible vs. IRS-qualified medical expenses often include: Types of expenses that are generally ineligible include:
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