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Easier Access to Health Savings Accounts During Pandemic.

This act aims to simplify access to Health Savings Accounts (HSAs) during the coronavirus pandemic. It allows more individuals, regardless of their health plan type, to contribute to these accounts, offering greater flexibility in managing healthcare expenses.
Key points
More individuals can open and contribute to Health Savings Accounts (HSAs), even without a high-deductible health plan.
Contributions to HSAs can be made until the tax filing deadline for the year the coronavirus emergency period ends.
These changes apply from March 13, 2020, until the end of the COVID-19 emergency declared by the President.
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Additional Information
Pandemic Healthcare Access Act
Print number: HR 295
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2021-01-13