Health Savings Accounts for All Americans
Support H.R. 7681 to remove outdated restrictions and give every family access to tax-free health savings for life.
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Support H.R. 7681 to remove outdated restrictions and give every family access to tax-free health savings for life.
Currently, there is a "high-deductible" requirement that acts as a gatekeeper, preventing those in more traditional plans from enjoying the triple-tax advantages of an HSA. By removing this barrier, H.R. 7681 would expand HSA eligibility to an estimated 150 million additional Americans, on top of the roughly 40 million who are currently eligible.
An HSA isn't just a savings account; it is a shield against the rising costs of care. The benefits are unparalleled, with tax-free contributions, tax-free growth, and tax-free withdrawals.
Most importantly, unlike Flexible Spending Accounts, HSA funds do not disappear at the end of the year. They roll over indefinitely, providing a critical safety net for retirement or unexpected medical emergencies.
By expanding this tool to 150 million more Americans, the HSAs for All Act will drive competition in the marketplace and put downward pressure on the spiraling costs of care. Sign your name on the petition below!
Representative Aaron Bean (FL-04) has officially introduced H.R. 7681, the HSAs for All Act. This landmark legislation is designed to decouple HSAs from restrictive plan requirements, effectively democratizing health care savings for the entire nation.
The core of the HSAs for All Act is simple but transformative. It allows any health insurance plan — whether purchased on the Affordable Care Act (ACA) exchanges or provided through an employer — to include an HSA. This represents a massive shift in health equity, allowing families across the income spectrum to build a "health nest egg" that stays with them for life.
The HSAs for All Act is a common-sense solution to a complex problem. It doesn’t create new government mandates but removes existing barriers to a financial tool that already works.
I hope I can count on your support for a the HSAs for All Act!