Congress expands tax-advantaged savings accounts to millions of workers
H.R. 7681 — HSA’s For All Act · Filed by Aaron Bean (R-FL) · 7 cosponsors · Introduced Feb 25, 2026 · Referred to committee
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What it does
This bill expands Health Savings Account (HSA) eligibility by removing the requirement that account holders be enrolled in a high-deductible health plan. Instead, anyone covered under any qualified health plan (including ACA marketplace plans) or any group health plan becomes eligible to open and contribute to an HSA, effective for tax years beginning after December 31, 2026.
Why we flagged it
The bill's sole operative mechanism is to expand eligibility for a tax-advantaged savings account by broadening the definition of qualifying health plans. It is a straightforward tax-code amendment with no hidden riders or unrelated provisions.
What the text implies
- HSA expansion may increase demand for HSA-compatible financial products (custodial accounts, investment platforms), benefiting financial services firms offering HSA administration.
- Broader HSA access could reduce demand for Flexible Spending Accounts (FSAs), which have use-it-or-lose-it rules; employers may shift benefits strategy.
The full analysis lists 4 implications of this text.
Who stands to gain
financial services firms offering HSA custodial and investment services; health insurance companies (expanded HSA access may increase plan enrollment); workers in standard health plans (primary public beneficiary)