# HSA Modernization Act (H.R. 548) - Plain Language Summary

## What This Bill Does

The HSA Modernization Act makes several changes to Health Savings Accounts (HSAs), which are special savings accounts that allow people to set aside pre-tax money for medical expenses. The bill expands who can use HSAs and what types of health insurance plans qualify for HSA use, making these accounts available to more Americans starting in 2026.

## Key Changes

**Who Can Contribute:**
- **Veterans**: People receiving certain veterans benefits (even without service-connected disabilities) can now contribute to HSAs
- **Medicare recipients**: People age 65+ who are enrolled in Medicare Part A can contribute to HSAs
- **Native Americans**: People receiving healthcare through Indian Health Service programs won't be disqualified from HSAs just because of that coverage

**What Plans Qualify:**
- Bronze and catastrophic health insurance plans (lower-cost options) can now be paired with HSAs, not just high-deductible plans
- Plans can waive deductibles for mental health services (up to $500) without losing HSA eligibility

**Account Flexibility:**
- Married couples can both make catch-up contributions to the same HSA account
- Medical expenses incurred up to 60 days before opening an HSA can be paid from the account

## Who Benefits

These changes primarily benefit lower-income individuals, veterans, seniors, and Native Americans who previously couldn't use HSAs due to restrictive eligibility rules. The expansion of qualifying plans makes HSAs accessible to people with more affordable insurance options.