The Health Marketplace and Savings Accounts for All Act significantly expands access to Health Savings Accounts by increasing contribution limits, eliminating the requirement that account holders maintain high-deductible health plans, and broadening eligible expenses to include direct primary care, vitamins, supplements, gym memberships, and fitness trackers. The bill also establishes Health Marketplace Pools—new entities that allow small businesses, self-employed individuals, and employees to pool together to purchase group health insurance without discrimination based on health status. Additionally, the legislation permits HSA rollovers to children and parents, allows administrative errors to be corrected before tax filing, and extends the same bankruptcy protections to HSAs that currently apply to retirement accounts. These changes take effect following the bill's passage and are designed to make health savings accounts more flexible and accessible while creating new options for individuals and small businesses to obtain affordable group coverage.
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