What does Preamble of HR 7681 do?

This bill, formally titled 'To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts, and for other purposes,' aims to modify the Internal Revenue Code of 1986. The bill's stated purpose is to expand eligibility for health savings accounts.

What does SHORT TITLE. of HR 7681 do?

This bill is formally titled the ``HSA's For All Act''.

What does EXPANSION OF ELIGIBILITY FOR HEALTH SAVINGS ACCOUNTS. of HR 7681 do?

This section amends the Internal Revenue Code of 1986 to expand eligibility for Health Savings Accounts (HSAs). The definition of 'eligible individual' is modified to mean any individual covered under a 'covered health plan' as of the 1st day of the month. The definition of 'covered health plan' now includes qualified health plans offered through an Exchange and group health plans. Several sections of the code are amended to replace instances of 'high deductible health plan' with 'covered health plan'. Paragraph (3) of Section 223(c) is struck and paragraphs (4) and (5) are redesignated as (3) and (4), respectively. Changes are made to Section 223(g)(1) to reference 'subsection (b)(2)' instead of several subsections. Section 408(d)(9) is also amended to replace 'high deductible health plan' with 'covered health plan'. These amendments apply to taxable years beginning after December 31, 2026.

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To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts, and for other purposes. — HR. 7681

HSA’s For All Act

Last updated: 2/25/2026 · Introduced: 2/25/2026

Author: Aaron Bean (R-FL)

TL;DR (AI)

This bill expands eligibility for Health Savings Accounts (HSAs) by removing the requirement that individuals be covered under a 'high deductible health plan,' allowing coverage under qualified health plans offered through Exchanges and group health plans.
The bill modifies the Internal Revenue Code to replace references to 'high deductible health plan' with 'covered health plan' in several sections.
These changes will take effect for taxable years beginning after December 31, 2026.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 1 more.

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