Veterans bill quietly expands tax-sheltered savings for all—at public expense
H.R. 5933 — HSAs For Heroes Act · Filed by Andy Biggs (R-AZ) · Introduced Nov 7, 2025 · Referred to committee
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What it does
This bill expands Health Savings Accounts (HSAs) for veterans by removing the requirement that they have a service-connected disability, allowing any honorably discharged veteran to open an HSA. It also permits HSA withdrawals tax-free during caregiving leave (under the Family and Medical Leave Act), removes the requirement to be enrolled in a high-deductible health plan to use an HSA, and doubles the annual contribution limit to $9,000 ($18,000 for joint returns). Veterans can use HSA funds to supplement or cover costs not fully paid by their VA benefits.
Why we flagged it
The bill's title and opening language invoke highway safety and veterans benefits, but the operative text is a sweeping expansion of HSA tax benefits—removing the high-deductible health plan requirement, doubling contribution limits, and permitting tax-free caregiving withdrawals. The veterans provisions are real but narrow; the broader HSA liberalization is the bill's true mechanism and primary fiscal impact.
- Removal of high-deductible health plan requirement and doubling of HSA contribution limits applies to ALL HSA users, not just veterans. This is a general tax expenditure unrelated to the stated highway safety or veterans-specific purpose.
What the text implies
- The bill removes the high-deductible health plan (HDHP) requirement for HSA eligibility, allowing individuals with any health insurance (or none) to contribute to HSAs. This fundamentally changes HSAs from a cost-containment tool tied to consumer-directed health plans into a general tax-sheltered savings account, with no stated limit on who can use it.
- Doubling the HSA contribution limit to $9,000 ($18,000 joint) creates a new tax-advantaged savings vehicle for high-income earners who can afford to max out contributions. The benefit is regressive: only those with disposable income can use it, and the tax benefit scales with marginal tax rate.
The full analysis lists 5 implications of this text.
Who stands to gain
health insurance companies (HSA administrators and custodians); high-income individuals and families (primary beneficiaries of expanded tax-advantaged savings); financial services firms offering HSA investment products