Speak with a Covered California certified agent! Call (888) 413-3164 or Shop Online Now

Shop and Compare

California Health Insurance Plans and Rates

It's easy. Just enter your zip code.

Covered California Q&A

Covered California and Obamacare related questions from consumers, employers and agents are answered by Phil Daigle with the best information available at the time. Archived entries may no longer be accurate as the Covered California and Obamacare knowledge-base is evolving quickly. TO REQUEST A PERSONAL RESPONSE INCLUDE EMAIL ADDRESS.

Qualifying HSA Withdrawals

By on | No Comments

Question: Can I pay my insurance premiums from my hsa account?

Answer: Not at this time. That would be a non-medical withdrawal and as such be subject to penalties and taxes. This begs the question: what is a qualified withdrawal? A qualified medical withdrawal is one for medical care as defined by Internal Revenue Code Section 213(d). The expenses must primarily be used to alleviate or prevent physical or mental defect or illness. A partial list is provided in IRS Pub 502 at the IRS website. Examples of expenses that cannot be included would be maternity clothing, cosmetic surgery, health club dues or toiletries.

Leave a comment

Do You Have California Health Insurance Questions?

Ask An Expert

View Previous Questions
Call Us at (888) 413-3164

© 2022 California Health Benefit Advisers, LLC
Home / About / Start Shopping / Ask a Question

“Covered California,” “California Health Benefit Exchange”, and the Covered California Logo are registered trademarks or service marks of Covered California, in the United States. This web site is owned and maintained by California Health Benefit Advisers, LLC, which is solely responsible for its content.