Can I Purchase Travel Health Insurance with HSA?

Are you planning a trip and wondering if you can use your HSA to purchase travel health insurance? The short answer is yes, you can use your Health Savings Account (HSA) to pay for travel health insurance under certain conditions.

Travel health insurance can provide coverage for medical emergencies, evacuation, trip cancellations, and more while you are traveling abroad. Here are some key points to consider when using your HSA for travel health insurance:

• Travel health insurance must specifically cover medical expenses incurred while traveling outside your home country.
• You cannot use your HSA to pay for travel insurance that only covers trip cancellations or lost baggage without medical coverage.
• Check with your insurance provider to ensure that the travel health insurance is HSA-eligible.

When purchasing travel health insurance with your HSA, keep in mind that you may need to pay for the expenses upfront and then seek reimbursement from your HSA later. Be sure to save all receipts and documentation for the expenses related to the travel health insurance.

Absolutely! If you're gearing up for your next adventure and are curious about using your HSA for travel health insurance, you'll be happy to know you can do so as long as certain criteria are met.