Health Savings Accounts For All Act of 2025

Senate Bill

S. 3248

119th Congress

Health Savings Accounts For All Act of 2025

In Committee

Introduced:Nov 20, 2025

Primary Sponsor

Rand Paul

R - KY

Cosponsors

0

Quick Stats

Policy Area

Taxation

Summary

The Health Savings Accounts For All Act dramatically expands HSAs by removing the requirement to have a high-deductible health plan, increasing contribution limits to match 401(k) limits, and allowing HSA funds to pay for health insurance premiums and direct primary care arrangements. Adds catch-up contributions for those over 50.

Latest Action

Read twice and referred to the Committee on Finance.

AI Summary

Plain-English explanation of this bill

The Health Savings Accounts For All Act dramatically expands HSAs by removing the requirement to have a high-deductible health plan, increasing contribution limits to match 401(k) limits, and allowing HSA funds to pay for health insurance premiums and direct primary care arrangements. Adds catch-up contributions for those over 50.

Last updated: 12/27/2025

Key Points

Main provisions of the bill

Removes high-deductible health plan requirement for HSAs
Raises contribution limits to 401(k) levels
HSA funds can pay insurance premiums
Covers direct primary care arrangements
Catch-up contributions for age 50+

How This Impacts Americans

Potential effects on citizens and communities

All Americans can open and contribute to HSAs regardless of insurance type. Massive increase in tax-advantaged health savings. May reduce reliance on employer-provided insurance. Direct primary care model gains tax-preferred status. Significant tax revenue implications.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3248, 119th Congress (2025). "Health Savings Accounts For All Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3248