Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans Cover College Student Health Insurance Costs
Many families don't realize that 529 plans can pay for college student health insurance – but only if it's a school-charged premium. In this episode, Lucas and Luna break down the IRS rules, using a real example: a student at Ohio State University whose mandatory health insurance fee of $2,568 per year is covered by a 529 withdrawal. They explain why private insurance doesn't qualify, how to document the expense, and what to do if the premium is billed separately from tuition. Plus, they share a tip on coordinating with a parent's work plan. This is a must-hear for anyone…
The skinny
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