GOP tax bill aims to boost health-savings accounts, potentially benefiting wealthier households and seniors

From Yahoo Finance: 2025-05-17 08:00:00

The GOP tax bill aims to increase funding for health-savings accounts, potentially benefiting wealthier households and working seniors. The bill includes provisions to allow users to pay for gym memberships and widen the types of healthcare plans eligible. Over 39 million HSA accounts held nearly $147 billion in assets last year, up almost 19% from the prior year. The bill proposes doubling contribution limits, imposing income thresholds for additional contributions, and allowing Medicare Part A enrollees to contribute. Critics argue the bill doesn’t do enough to address rising healthcare costs and coverage gaps.



Read more at Yahoo Finance: An increasingly popular healthcare savings strategy could get more lucrative under GOP tax bill