Buying Long-Term Care Through Your HSA Makes It Inexpensive

Not only is the money in your HSA pre-tax money, it has also grown tax-deferred.  It has money you have never paid taxes on.  And you can use your HSA to pay long-term care insurance premiums (but not for long-term care itself!).

It has been estimated that 45% of those turning 65 today will enter a nursing home at some point during their life, and that 70% of us will require some form of help with our daily living.  Nearly 10% will spend five years or more living in a nursing home.  Since Medicare does not pay for nursing home or long-term care expenses, long-term care insurance is a smart investment.

Here is a short Informational Video on Long Term Care Insurance to help you decide if you should look into this further.