Health Savings Accounts For All Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
The Health Savings Accounts For All Act of 2025 aims to expand access to health savings accounts (HSAs) by increasing contribution limits and modifying certain rules. Specifically, it raises the annual contribution limits, allows for additional contributions for individuals aged 50 and older, and removes certain mandates associated with HSAs. The bill also addresses technical issues related to HSA distributions and medical expense treatment, including allowing for rollover contributions to children and parents, and clarifies the types of expenses eligible for HSA deductions.
Key provisions
- Increases HSA contribution limits for all taxpayers, with higher limits for those 50 and older.
- Removes certain mandates related to HSA eligibility and contributions.
- Allows for rollover HSA contributions to children and parents.
- Expands the definition of qualified medical expenses to include certain wellness expenses like vitamins and fitness trackers.
- Provides equivalent bankruptcy protections for HSAs similar to those for retirement accounts.
- Clarifies the treatment of administrative errors related to HSA distributions.
- Addresses technical corrections to existing HSA regulations.
Who is affected
- Taxpayers
- Individuals with high-deductible health plans
- Healthcare providers
- Financial institutions
- Employers offering high-deductible health plans
Notable changes
Bill text
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Sponsors
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1 on record
Primary sponsor
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