House Megabill to Expand Health Savings Account Eligibility and Benefits

More health plans would qualify under new rules, but income thresholds limit who can take advantage.
House Megabill to Expand Health Savings Account Eligibility and Benefits
Medications are stored on shelves at a pharmacy in Los Angeles on May 12, 2025. Eric Thayer/Getty Images
Kevin Stocklin
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The One Big Beautiful Bill Act, passed by the House of Representatives on May 22 and currently being debated in the Senate, contains an additional tax benefit designed to help Americans pay for medical expenses.

This provision expands eligibility for health savings accounts (HSAs), which allow Americans to use pre-tax money to pay for certain medical costs. Contributions to HSAs have so-called “triple tax advantages,” according to Bank of America: contributions to HSAs are tax-deductible, funds in the account can be invested without taxes on gains, and withdrawals for qualified medical expenses are also not taxed. 
Kevin Stocklin
Kevin Stocklin
Reporter
Kevin Stocklin is a contributor to The Epoch Times who covers the ESG industry, global governance, and the intersection of politics and business.