If you have a Health Savings Account (HSA), you may be wondering if you can use your funds to pay for Medicare premiums in 2017. The short answer is yes, you can use your HSA to pay for certain Medicare premiums. Here are some important points to keep in mind: - HSA funds can be used to pay for Medicare premiums, including Part A, Part B, and Part D premiums. - You cannot use HSA funds to pay for a Medicare Supplement (Medigap) policy. - If you are 65 or older, you can use your HSA to pay for Medicare premiums, but not Medigap premiums. - HSA funds can also be used to pay for coinsurance, copayments, and deductibles for Medicare-covered services. - It's important to keep detailed records of your HSA expenses, including receipts and explanation of benefits forms. In conclusion, using your HSA to pay for Medicare premiums in 2017 is allowed, but there are specific guidelines to follow. Make sure to consult with a tax professional or financial advisor to ensure you are using your HSA funds appropriately.

If you're considering using your Health Savings Account (HSA) for Medicare premiums, you're not alone. Many individuals aged 65 and older are exploring their options for managing healthcare costs. The good news is that you can indeed use your HSA funds to cover certain Medicare premiums.