Can HSA 2017 Be Used to Pay Medicare Supplement Premiums? - HSA Awareness

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

General rule for Medicare supplement premiums

Many people wonder if they can use their HSA funds to pay for Medicare supplement premiums. The answer to this question depends on a few factors:

• Generally, you cannot use your HSA funds to pay for Medicare supplement premiums, as these are considered insurance premiums.
• HSA funds can be used for qualified medical expenses, which are outlined by the IRS.
• However, there are some exceptions:

Many individuals are unsure whether HSA funds can cover Medicare supplement premiums. Generally speaking, HSA funds are not permitted to pay for these premiums as they are classified under insurance costs. However, there are specific guidelines to consider.

Exceptions by age or disability

• If you are over the age of 65, you can use your HSA funds to pay for Medicare Part A or Part B premiums, but not for Medigap premiums.
• If you are under 65 and disabled, you may be able to use your HSA funds to pay for Medigap premiums, but it depends on various factors.

Need for professional guidance

It's essential to consult with a tax professional or financial advisor to understand the specific rules and regulations regarding the use of HSA funds for Medicare supplement premiums.