It's easy. Just enter your zip code.
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.
View Previous Questions
Call Us at (888) 413-3164
© 2020 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.
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!