Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Student Health Insurance Premiums
In episode 164 of The College Savings Podcast, Lucas and Luna break down how 529 plans can be used to cover student health insurance premiums. They explain the specific rules from the IRS and the SECURE Act, including what counts as a qualified expense, how to handle premiums paid directly to an insurer versus through a university, and the impact on financial aid. They also walk through a real-world example using a typical health insurance premium, show how to document withdrawals for audit safety, and discuss the interaction with Roth IRA rollovers. If your child is heading off to college…
The skinny
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