Washington, D.C. - This week, Congresswoman Beth Van Duyne was joined by Congressmen Dan Meuser (PA-09) and Dan Crenshaw (TX-02) in introducing the HSA Modernization Act to make health savings accounts (HSAs) more accessible to a wider range of Americans. 

“After meeting with North Texas families and medical professionals, including through health-focused roundtable discussions, I’m reintroducing the HSA Modernization Act to help make healthcare more affordable and flexible,” said Rep. Van Duyne. “This pragmatic bill will cut unnecessary regulations, modernize health savings accounts, and expand HSA eligibility for disabled veterans, working seniors, and Native Americans while offering Americans more control over their care. I’m working to give North Texans access to more personalized and high-quality options for their healthcare.”

“As healthcare costs continue to rise, I am pleased to join Congresswoman Van Duyne in introducing the HSA Modernization Act, a commonsense piece of legislation that delivers the benefits of HSAs to our veterans and seniors,” said Congressman Dan Meuser. "By eliminating burdensome regulations and expanding access to HSAs, we empower families—especially those in Pennsylvania’s Ninth District—to take control of their healthcare planning, save for future needs, and prioritize healthy living.”

“Roughly 72 million Americans use health savings accounts, giving them flexibility in saving and investing for their needs. Unfortunately, the federal government disincentivizes HSA use through low contribution limits, vague regulations, and harsh penalties. Thankfully, Representative Beth Van Duyne is reintroducing the HSA Modernization Act,” said Grover Norquist, president of Americans for Tax Reform. “The HSA Modernization Act would allow disabled veterans to contribute to an HSA, increase the max contribution limit to the amount of deductible and out-of-pocket limitation, establish automatic HSA eligibility for bronze and catastrophic health plans on the health benefit exchange, allow both spouses to contribute catch-up contributions to the same HSA, and more. All lawmakers who support promoting consumer driven healthcare, reducing taxes for families, and encouraging lower healthcare spending should cosponsor and support this bill.”

Statement from the Employers Council on Flexible Compensation: "The Employers Council on Flexible Compensation (ECFC) strongly supports Congresswoman Beth Van Duyne reintroduction of the HSA Modernization Act. Rep. Van Duyne’s legislation addresses many of the practical concerns that have made it difficult for people to open and use a Health Savings Account (HSA), a critical tool that helps families afford their healthcare costs."

"We applaud Congresswoman Van Duyne for introducing the HSA Modernization Act, allowing more Americans access to these accounts.” said Joel White, President of the Council for Affordable Health Coverage. “Health costs are out of control. HSAs are pro-consumer because they fill in cost sharing for services and drugs not covered by insurance. This bill would give millions of Americans greater flexibility and control over their healthcare, making it easier for families to access affordable care. It's a smart step toward a healthier, more financially secure future."

Click HERE to read the full bill text. 

Background:

• The HSA Modernization Act of 2023 was advanced by the Ways and Means Committee in the 118th Congress. 

• The bill expands access to affordable, high-quality care by:

• Expanding HSA eligibility to users of Bronze and Catastrophic classified health plans by allowing them to be categorized as High-Deductible Health Plans (HDHPs).

• Ensuring those on plans with a lower threshold for mental health services are not disqualified from accessing health savings accounts.

• Allowing the use of health savings accounts to cover health care services that occurred up to 60 days prior to establishment of the HSA. 

• Allowing spouses to provide “catch up” payments into the same health savings account. 

• Increasing contribution limits to better align with what individuals might owe in out-of-pocket expenses to provide peace of mind and ensure Americans can cover their bills in an emergency. 

• The HSA Modernization Act is supported by the Employers Council on Flexible Compensation (ECFC), Council for Affordable Health Coverage, and Americans for Tax Reform.

###