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!).
A
large percentage of those turning 65 today will enter
a nursing home at some point during their life, and many
of us will require some form of help with our daily living
as we get older. Some of us 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.
You
can contact us to help you decide
if you should look into this further.
