This bill would allow employees to transfer unused money from health flexible spending arrangements (FSAs) or health reimbursement arrangements (HRAs) directly into a health savings account (HSA) when they enroll in a high deductible health plan. Currently, FSAs and HRAs cannot easily fund HSAs due to tax restrictions. The change would affect workers who switch to high deductible health plans and would be capped at the annual FSA contribution limit, or double that amount for family coverage. The bill also requires employers to report these qualified HSA distributions on employee W-2 forms. The changes would take effect for distributions made after December 31, 2023.