HSA’s For All Act
Summary
What This Bill Does
The HSA's For All Act rewrites health savings account eligibility. For taxable years beginning after December 31, 2026, an individual is eligible for a month when covered on the first day of that month by a covered health plan.
A covered health plan is either a qualified health plan offered through an Affordable Care Act Exchange or a group health plan under the Public Health Service Act. The bill replaces references to high-deductible health plans throughout the HSA statute and related IRA-transfer rules, removes the old high-deductible-plan definition, renumbers remaining definitions, and makes conforming inflation-adjustment edits.
The change allows eligible people with lower-deductible Exchange or employer plans to contribute to HSAs and receive existing HSA tax treatment. It does not make an uninsured person eligible, include every off-Exchange individual plan in the stated definition, change the contribution limits in this text, or provide a refundable contribution to people unable to save.
Who Benefits and How
Employees in conventional group plans and consumers with Exchange qualified plans gain access to deductible or excluded HSA contributions, tax-free growth, and qualifying medical withdrawals under existing law. Employers can offer HSAs alongside more plan designs. HSA banks, custodians, investment managers, and benefit administrators gain accounts and assets.
Who Bears the Burden and How
Federal income-tax receipts decline as more people use HSA exclusions and deductions. IRS, employers, payroll providers, and custodians must update eligibility and reporting systems. People without Exchange or group coverage remain excluded, and lower-income households may gain little if they cannot afford contributions. Existing HSA providers must handle a larger and more varied covered population.
Key Provisions
- Expands HSA eligibility beyond high-deductible plans.
- Includes ACA Exchange qualified health plans.
- Includes group health plans.
- Requires coverage on the first day of the month.
- Replaces high-deductible-plan references throughout the HSA statute.
- Repeals the old high-deductible-plan definition.
- Amends related IRA-transfer and inflation provisions.
- Applies to taxable years beginning after 2026.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Expands health savings account eligibility beginning in 2027 from people with high-deductible health plans to anyone covered on the first day of the month by an ACA Exchange qualified health plan or a group health plan, with conforming tax-code changes.
Key Policy Areas
Health Savings Accounts, Employer Health Plans, ACA Marketplace Coverage, Health Tax Benefits, Consumer Health Finance
Primary Purpose
Expands health savings account eligibility beginning in 2027 from people with high-deductible health plans to anyone covered on the first day of the month by an ACA Exchange qualified health plan or a group health plan, with conforming tax-code changes.
Policy Domains
Section 2 expansion of health savings account eligibility
Identified Gains
- Employees with lower-deductible group plans
- Exchange enrollees gaining HSA eligibility
- Employers offering HSAs with broader plans
- HSA custodians opening new accounts
- Investment managers receiving HSA assets
- Benefit administrators serving expanded eligibility
- Households seeking tax-advantaged medical savings
Identified Costs
- Federal individual-income-tax accounts
- IRS HSA eligibility administrators
- Employer payroll reporting teams
- HSA custodians updating eligibility systems
- Uninsured people remaining ineligible
- Off-Exchange individual-plan enrollees outside coverage
- Low-income households unable to fund accounts
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Ways and Means.
Introduced in House
Mr. Bean of Florida (for himself, Mr. Barrett, and Mr. …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Employees with lower-deductible group plans, Exchange enrollees gaining HSA eligibility, HSA custodians opening new accounts
Employer payroll reporting teams, Employers offering HSAs with broader plans
Households seeking tax-advantaged medical savings, Low-income households unable to fund accounts
Federal individual-income-tax accounts, IRS HSA eligibility administrators
Benefit administrators serving expanded eligibility
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "employer"
- → Employer sponsoring a group health plan
- "custodian"
- → Financial institution administering health savings accounts
- "administrator"
- → Secretary of the Treasury acting through IRS
- "excluded_person"
- → Individual lacking a statutorily covered health plan
- "eligible_individual"
- → Individual covered by an Exchange or group health plan
Note: {'scope_ids': ['broad_hsa_eligibility'], 'description': 'The expansion covers Exchange qualified plans and group plans, not uninsured individuals or every off-Exchange individual plan, and it preserves existing contribution limits rather than creating a refundable federal deposit.'}
Key Definitions
Terms defined in this bill
A taxable year beginning after December 31, 2026.
An ACA Exchange qualified health plan or a group health plan under the Public Health Service Act.
An individual covered by a covered health plan on the first day of the month.
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology