How To Use Your HSA For Long-Term Care Insurance Premiums

Episode 29 of Health Savings Accounts with Fexingo tackles a frequently overlooked HSA strategy: paying long-term care insurance premiums with pre-tax dollars. Lucas explains the IRS age-based limits — rising from $1,760 a year for someone under 40 to around $4,700 for those 71 and older — and why even younger workers should consider buying a policy early to lock in lower rates. Luna challenges the conventional wisdom that long-term care insurance is only for retirees, and they walk through a concrete example: a 35-year-old who pays $800 annually in premiums today could save roughly $200 in taxes by using their HSA. Along the way, Lucas warns against combining an HSA with a whole-life policy marketed as 'hybrid LTC insurance,' explaining why the numbers rarely pencil out. The episode closes with a realistic note — the average person will need about $172,000 in long-term care costs, and an HSA paired with a traditional LTC policy may be the most tax-efficient way to prepare. No fluff, just numbers. #LongTermCare #HSA #HealthSavingsAccount #LongTermCareInsurance #TaxAdvantage #RetirementPlanning #MedicalExpenses #ElderCare #TaxSavings #Insurance #PersonalFinance #HealthcareCosts #IRS #FexingoBusiness #BusinessPodcast #Finance #WealthManagement #LTCIns Keep every episode free: buymeacoffee.com/fexingo