Discover the Enhanced ‘One Big Beautiful Bill’: The Must-Have Savings Tool Every Financial Adviser Loves!

Starting next year, many more people will have access to Health Savings Accounts (HSAs). Thanks to recent changes in a new law, HSAs are set to become available to millions of Americans. This change allows individuals with various health insurance plans, including those under the Affordable Care Act (ACA) and Direct Primary Care arrangements, to benefit from this tax-advantaged savings option.

HSAs are popular among financial experts because they offer three tax benefits: contributions are tax-free, the money grows without being taxed, and withdrawals for qualified medical expenses are also tax-free. “Think of an HSA as a piggy bank for health expenses,” says Richard Pon, a certified public accountant. He emphasizes that if individuals remain healthy and allow their funds to accumulate, this can lead to significant savings over time.

A recent report from the health and benefits platform Lively calls this the “most significant HSA expansion in nearly two decades.” Experts suggest planning during the 2025 open enrollment to take full advantage of these new benefits.

So, what kind of ACA plans will be eligible for HSAs? Starting in 2026, Bronze and catastrophic plans can qualify, meaning those who choose these lower-premium options will be able to take advantage of HSAs. Currently, around 30% of individuals selecting ACA plans opt for Bronze plans, according to the Centers for Medicare and Medicaid Services.

Another key change is for those involved in Direct Primary Care (DPC). Starting next year, individuals paying a fixed fee to their primary care providers, which can be up to $150 monthly for individuals and $300 for families, can also fund an HSA. This method allows patients to pay a manageable monthly fee for a set range of services, rather than per-visit charges typical in traditional insurance.

Additionally, High-Deductible Health Plans (HDHPs) that cover telehealth services without requiring deductibles will also qualify for HSAs, making access to these essential services even easier. A study from the National Center for Health Statistics noted that in 2022, 30% of adults in the U.S. reported using telemedicine, reflecting its growing importance in healthcare.

So, why are HSAs so significant? The main lure is their triple tax benefit. Contributions can lower taxable income, which can lead to greater deductions and credits. Plus, the funds grow tax-free and can be withdrawn tax-free for medical expenses. Unlike Flexible Spending Accounts, HSAs roll over year after year without expiration. Funds can even be invested, allowing for potential growth to pay for healthcare costs later in life.

Furthermore, many employers encourage employees to enroll in high-deductible plans by contributing tax-free to their HSAs. This can enhance savings and encourage healthier financial habits.

As these changes roll out, it’s important for individuals and families to understand how to leverage HSAs effectively. The potential for savings is substantial, and considering the increasing costs of healthcare, having access to these tools can be a game-changer for many.

For a deeper look at HSAs and their benefits, visit the [Centers for Medicare and Medicaid Services](https://www.cms.gov/data-research/statistics-trends-reports/marketplace-products/2025-marketplace-open-enrollment-period-public-use-files) for more insights.

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