HSA Modernization Act

The HSA Modernization Act (HR 548) expands eligibility for Health Savings Accounts (HSAs) by removing barriers for specific groups. It allows veterans without service-connected disabilities, Medicare Part A beneficiaries (age 65+), and individuals receiving Indian Health Service care to contribute to HSAs. The bill also permits bronze and catastrophic health plans (under the Affordable Care Act) to qualify as HSA-compatible plans, increases contribution limits to match deductible amounts, and enables both spouses to contribute to a single HSA with adjusted limits. All changes apply to taxable years beginning after December 31, 2025.