Long Term Care Insurance Tax Free Health Savings Accounts Funding Savings

How To Save 40% On Long Term Care Insurance With Tax Free Health Savings Accounts

Many employees now have access to a Health Savings Account (HSA) that allows them to pay for qualified medical expenses with pre-tax income as a part of a high deductible health insurance plan. Tax qualified long term care insurance premiums are considered qualified medical expenses and can be paid from an Health Savings Account.

NOTE: Many confuse Health Savings Accounts (HSAs) with Flexible Spending Accounts (FSA). Flexible Spending Accounts also allow employees to pay for eligible out-of-pocket health care expenses with pre-tax income. Unfortunately, long term care insurance premiums are not considered an eligible expense, therefore Flexible Spending Accounts (FSAs) may not be used to pay for long term care insurance.

How Much Money Can You Save On Long Term Care Insurance?

Find out what discounts you can apply for and how much money you can save with a FREE no-obligation long term care insurance quote from the nation's top-rated long term care insurance companies.