Sales Strategy—Using an HSA to Fund LTC

Getting a tax break on LTCI premiums isn’t always straightforward. While premiums for qualified policies are considered deductible medical expenses under IRS rules, they’re only deductible under specific circumstances. This is where an HSA can make a real difference.

Qualified LTCi premiums are considered eligible medical expenses, which means clients can use Health Savings Account (HSA) funds to pay them tax-free.

Our latest sales strategy piece, Using an HSA to Fund LTCi: A Smart, Tax-Friendly Strategy shares:

• Why LTCi premiums are hard to deduct.
• The advantages of HSA’s for LTC.
• Paying LTCi premiums from an HSA.

If your clients have an HSA, or qualify to open one, they may have a valuable opportunity to use pre-tax dollars to pay for some or all of their Long-Term Care Insurance (LTCi) premiums. 

Download the flyer today to learn more about how HSAs can help pay for LTCi.