Health Savings Accounts For All Act of 2025

Section 2 increases the contribution limitations for health savings accounts, which allows individuals to save more money for their healthcare needs on a tax-favored basis.

Section 5 allows certain medical expenses incurred before the health savings account was established to be treated as qualified medical expenses, provided they were incurred during the taxable year in which the account was established or the preceding taxable year before the tax return filing deadline. This benefits people by letting them use account funds for recent past medical costs.

Section 7 allows a health savings account to be rolled over to a child, parent, or grandparent of the account holder upon death, rather than just a surviving spouse. This provides more flexibility for families to pass on unused medical savings.

Section 8 expands what can be paid for using health savings accounts to include qualified wellness expenses such as vitamins, dietary supplements, gym memberships, and wearable fitness trackers, which helps individuals invest in their personal health and fitness.

Section 9 provides health savings accounts with the same bankruptcy protections as individual retirement accounts, which helps protect people's medical savings if they face severe financial distress.