Skip to main content
February 24, 2022
Question

Is hsa money used for cobra payments considered a medical expense?

  • February 24, 2022
  • 1 reply
  • 0 views
turbo tax asks this question and by rule, cobra payments can be made with hsa funds

1 reply

February 24, 2022

it's a qualified expenditure

from IRS PUB 969 HSAportion

Insurance premiums. You can’t treat insurance premiums
as qualified medical expenses unless the premiums
are for any of the following.
1. 
2. Health care continuation coverage (such as coverage
under COBRA).

jbren57Author
February 27, 2022

Thank you!

September 17, 2024

There are limits on how much you can withdraw from the HSA to pay for insurance premiums.  

See https://www.irs.gov/pub/irs-pdf/i1040sca.pdf

 

40 or under $ 480
41–50 $ 890
51–60 $ 1,790
61–70 $ 4,770
71 or older $ 5,960