HSA’s For All Act

HR 7681, the "HSA’s For All Act," would expand eligibility for Health Savings Accounts (HSAs) by allowing individuals enrolled in any qualified health plan - not just high-deductible plans - to contribute to an HSA. It directly affects people covered by Affordable Care Act marketplace plans or employer group health plans, removing the current requirement for a high-deductible health plan (HDHP) to qualify. The bill amends tax code definitions to replace "high-deductible health plan" with "covered health plan" throughout relevant sections, simplifying eligibility rules. This change would take effect for tax years beginning after December 31, 2026.