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.
Question: Can a person make payments of premium of ACA plans through its health saving accounts and claim deduction of its share of premium?
Answer: No. HSA funds cannot be used to pay premiums. HSA withdrawals are not taxed if they are used to pay for qualified medical expenses that does not include insurance premiums.
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Is that also true that you can pay for premiums with HSA funds if you are on state or federal disability?
Phil, there is one exception. If you are collecting Unemployment Insurance, you can use HSA funds to pay for premiums!