Will The Distribution From My HSA Be Tax And Penalty-Free?

An HSA account is one of the most tax-efficient savings accounts available to investors. 
While many of the distribution rules are straightforward, there are several factors and exceptions that should be considered before you take a distribution from their HSA, including:

• Classification as a Qualified Medical Expense
• Eligibility of LTC insurance premium payments
• Eligibility of health insurance premium payments
• Impact if the distribution occurs before/after turning age 65
• Use of HSA funds to pay Qualified Medical Expenses of family members
• Timing of expenses