HSA’s For All Act

This Act may be cited as the HSA’s For All Act.

Section 223(c)(1) of the Internal Revenue Code of 1986 is amended to read as follows:

The term eligible individual means, with respect to any month, any individual if such individual is covered under a covered health plan as of the 1st day of such month.

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Section 223(c)(2) of such Code is amended to read as follows:

The term covered health plan means—

(A) any qualified health plan (as defined in section 1301(a) of the Patient Protection and Affordable Care Act) offered through an Exchange established under such Act, or

(B) any group health plan (as defined in section 2791 of the Public Health Service Act).

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(1) Section 26(b)(2)(S) of such Code is amended by striking high deductible health plan and inserting covered health plan.

(2) Section 223 of such Code, as amended by the preceding provisions of this Act, is amended by striking high deductible health plan each place it appears and inserting covered health plan in each such place.

(3) Section 223(b)(8)(B) of such Code is amended by striking high deductible health plan in the heading and inserting covered health plan.

(4) Section 223(c) of such Code, as amended by the preceding provisions of this Act, is amended—

(A) by striking paragraph (3), and

(B) by redesignating paragraphs (4) and (5) as paragraphs (3) and (4), respectively.

(5) Section 223(g)(1) of such Code is amended—

(A) in the matter preceding subparagraph (A), by striking subsections (b)(2), (c)(2)(A), and in the case of taxable years beginning after 2026, (c)(1)(E)(ii)(II) and inserting subsection (b)(2),

(B) in subparagraph (B), by striking for calendar year 2016 and all that follows through calendar year 2025. and inserting calendar year 1997 for calendar year 2016 in subparagraph (A)(ii) thereof., and

(C) in the flush sentence at the end, by striking subsections (b)(2), (c)(1)(E)(ii)(II), and (c)(2)(A) and inserting subsection (b)(2).

(6) Section 408(d)(9) of such Code is amended—

(A) by striking high deductible health plan each place it appears and inserting covered health plan in each such place, and

(B) in subparagraph (D), by striking high deductible health plan in the heading and inserting covered health plan.

The amendments made by this section shall apply to taxable years beginning after December 31, 2026.