HSA’s For All Act

This bill expands eligibility for Health Savings Accounts (HSAs) by changing the definition of who can contribute and what health plans qualify. It removes the requirement that an individual must be covered by a high-deductible health plan to be eligible for an HSA. Instead, anyone covered by a qualified health plan offered through an Affordable Care Act Exchange or any group health plan will be eligible. The bill also makes conforming changes to related tax code sections and updates references from 'high deductible health plan' to 'covered health plan'. These changes apply to taxable years beginning after December 31, 2026.

Sec. 2, Expansion of eligibility for health savings accounts: This section rewrites the definition of an 'eligible individual' to include anyone covered under a 'covered health plan' as of the first day of any month. A 'covered health plan' is defined as any qualified health plan offered through an Affordable Care Act Exchange or any group health plan. The bill removes the previous requirement that the plan must be a high-deductible health plan. It also makes conforming amendments to other parts of the tax code to replace references to 'high deductible health plan' with 'covered health plan' and deletes a related paragraph. The changes take effect for taxable years beginning after December 31, 2026.