HSA question

Are monthly health insurance premiums something that can be paid from HSA money? If I had 10K in my HSA 2 years from now can I take that money out and just show where I have paid health premiums for the last 2 years?

HSA FAQ

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8. Can I use my HSA to pay for health insurance premiums?

Generally, you cannot treat insurance premiums as qualified medical expenses unless the premiums are for:

Long-term care insurance. (subject to IRS mandated limits based on age and adjusted annually, see IRS Publication 502: Long-Term Care).
Health care continuation coverage (such as coverage under COBRA – see IRS Publication 502: COBRA Premium Assistance).
Health care coverage while receiving unemployment compensation under federal or state law.
Medicare and other health care coverage if you were 65 or older (other than premiums for a Medicare supplemental policy, such as Medigap).

Note also that items (2) and (3) can be for your spouse or a dependent meeting the requirement for that type of coverage. For item (4), if you, the account beneficiary, are not 65 or older, Medicare premiums for coverage of your spouse or a dependent (who is 65 or older) generally are not qualified medical expenses.

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I tried to invest the money in my HSA but Gulf South bank told me it wasn't possible. Contrary to what I've read on here or online

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Then their HSA sucks. Talk to your company about changing providers. I just started this year with HSA Bank and do not have any complaints yet.

Your HSA third party administrator may have rules on how old a receipt you can turn in.

I could see the IRS harrassing you about an old receipt. You would probably win, but I could see them trying to hassle you over it.

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I tried to invest the money in my HSA but Gulf South bank told me it wasn't possible. Contrary to what I've read on here or online

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Here's a list of HSA providers and their fees and investment options (if any): HSA Providers

I just googled "Gulf South Bank HSA" and it doesn't appear to be a major provider of HSAs. So it's no surprise that they don't offer investment options once you have excess funds in your account.

But things change. If you're stuck with that bank as your provider, maybe they'll improve. When my company first went with Optum, their investment options for our plan were severely limited, and many/most of the funds were high fee or had loads. I would have given them a thumbs down. Now we have a good number of Vanguard funds and I'd give them a thumbs up.