The HSA's For All Act dramatically expands who can open and use Health Savings Accounts (HSAs) by removing the requirement that individuals have a high-deductible health plan. Under current law, only people enrolled in high-deductible plans can use HSAs, but this bill would allow anyone covered under any qualified health plan—whether through the Affordable Care Act marketplace or a traditional employer group plan—to open and contribute to an HSA. The bill makes conforming changes throughout the tax code to replace references to "high-deductible health plan" with the broader "covered health plan," simplifying eligibility rules. These changes take effect for tax years beginning after December 31, 2026, potentially allowing millions of additional Americans to benefit from the tax advantages of HSAs, which allow people to save money tax-free for qualified medical expenses.
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