The Veterans HSA Access Act of 2023 would allow veterans to contribute to Health Savings Accounts (HSAs) regardless of whether they have a service-connected disability, expanding access to these tax-advantaged savings accounts. Currently, veterans are only permitted to use HSAs if they have a service-connected disability recognized by the Department of Veterans Affairs, which excludes many veterans from this benefit. The bill removes that disability requirement, allowing all veterans eligible for certain veterans benefits to open and fund HSAs. The change would take effect for tax years beginning after December 31, 2025, giving taxpayers and financial institutions time to prepare for implementation. This legislation primarily benefits veterans seeking a way to save pre-tax dollars for medical expenses while expanding their healthcare financing options.
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