hold on there's just too much going on in Congress lmao...
Expands who can open tax-advantaged Health Savings Accounts (HSAs).
Sponsored by Reps. Bean (FL), Barrett, and Haridopolos in the 119th Congress.
Introduced in the House of Representatives.
This bill changes tax law to allow more people to use Health Savings Accounts (HSAs). Currently, you typically need a high-deductible health plan to have an HSA. This bill expands eligibility to include people with Affordable Care Act (ACA) exchange plans or employer-sponsored group health plans. It was introduced by Representatives Bean of Florida, Barrett, and Haridopolos, and is currently awaiting review in a House committee.
Introduced Feb 25, 2026
This bill, H.R. 7681, was introduced in the House of Representatives on February 25, 2026. It has been referred to the House Committee on Ways and Means for review. For it to become law, it must pass through this committee, be voted on and passed by the full House, then go through a similar process in the Senate, and finally be signed by the President.
If this bill becomes law, more Americans would be eligible to contribute to a Health Savings Account. You could use an HSA to save money tax-free for future medical expenses, including deductibles, co-pays, and other qualified healthcare costs, even if your health insurance isn't a high-deductible plan. This could provide a new way for people with ACA marketplace plans or standard employer-provided health insurance to save for healthcare.
Supporters Say
Supporters argue it expands access to tax-advantaged healthcare savings for more Americans.
Critics Say
Critics might question the impact on federal tax revenue or if it primarily benefits certain income groups.
Those in favor would likely highlight that this bill makes HSAs, which offer tax benefits for healthcare savings, available to a much broader population, potentially encouraging more people to save for medical costs. Opponents might raise concerns that expanding HSA eligibility could reduce government tax revenue or that the primary beneficiaries would be higher-income individuals who can afford to save in these accounts.