Lets more Americans save for healthcare with expanded Health Savings Accounts and higher contribution limits.
This bill would let more people, including certain seniors on Medicare and veterans, open Health Savings Accounts (HSAs). It would also raise how much people can put into these accounts and make it easier to use them for mental health and long-term care. These changes aim to give more Americans tax-advantaged ways to save for medical costs.
Today, certain individuals, like seniors on Medicare Part A by age or veterans with specific benefits, face restrictions on contributing to Health Savings Accounts (HSAs). Today, HSA contribution limits are fixed dollar amounts ($2,250 for self-only, $4,500 for family coverage). Also, some health plans, like Bronze and Catastrophic plans, don't qualify for HSAs. If this bill becomes law, more people would be eligible for HSAs. Contribution limits would increase to match their health plan's deductible and out-of-pocket limits. Bronze and Catastrophic plans would also qualify, giving more Americans tax-advantaged ways to save for healthcare.
HR 548 · 119th Congress · January 16, 2025 · AI Summary by gemini-2.5-flash · 7/10
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Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.