A. Unfortunately you cannot use HSA money to pay for life insurance premium, but according to Publication 969 of the IRS, HSA funds can be used for the following insurance premium payments:
- Long Term Care insurance premiums;
- COBRA health insurance premiums;
- Health care premiums paid while receiving unemployment compensation (including premiums for spouse or dependents);
- Medicare premium if you are age 65+ (but not premiums for Medicare Supplemental policies).