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Expanded Health Savings Accounts & Hospital Price Transparency

This act broadens access to Health Savings Accounts (HSAs) for all individuals, increases contribution limits, and simplifies the transfer of funds after death. Additionally, it codifies existing regulations on hospital price transparency, aiming to help citizens better understand healthcare costs.
Key points
All individuals can now contribute to Health Savings Accounts (HSAs), regardless of their health insurance plan.
Annual contribution limits for HSAs are significantly increased, allowing more money to be saved for future medical expenses.
Transferring HSA funds to relatives after the account holder's death is made easier, without additional tax burdens.
Hospital price transparency rules are now law, aiming to provide clearer cost information for patients.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_2419
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2025-03-27