Can Hsa Funds Be Used For Long Term Care Insurance? 
Yes , HSA funds may be used for Long Term Care Insurance premiums if your LTC policy is tax-qualified . The amount that is considered a qualified medical expense depends on your age . In 2013 , you can withdraw up to $ 360 from your Health Savings Account tax-free if you are 40 years old or younger ; $ 680 if you are age 41-50 ; $ 1,260 if you are age 51 to 60 ; $ 3,640 if you are age 61 to 70 ; and $ 4,550 if you are age 71 or older . 