HSAs For Heroes Act

HR 5933, the HSAs For Heroes Act, expands eligibility for Health Savings Accounts (HSAs) to veterans who served in active military service and were honorably discharged, regardless of whether they have a service-connected disability. It removes the current requirement that veterans must have a service-connected disability to contribute to an HSA, allowing them to use HSA funds for cost-sharing on treatments already covered by VA benefits. The bill also adds "qualified caregiving" periods (like those under the Family and Medical Leave Act) as allowable reasons to withdraw HSA funds without penalty and increases annual HSA contribution limits to $9,000. These changes apply to contributions made after 2025, with the goal of making HSAs more accessible to veterans for healthcare expenses.