The Treasury Department and the Internal Revenue Service ( IRS ) have issued new guidance on expanding Health Savings Account (HSA) eligibility, delivering a tax-free means for millions more Americans to save and pay for health care costs .

Why It Matters

The update, prompted by the One, Big, Beautiful Bill (OBBB), marks a major shift for consumers who rely on high-deductible health plans (HDHPs), direct primary care arrangements, and, for the first time, those enrolled in Bronze and Catastrophic plans offered on or outside Insurance Exchanges.

These changes could fundamentally reshape the tax advantages and flexibility available to Americans seeking to manage out-of-pocket health care expenses .

What To Know

On Tuesday, the IRS and Treasury issued Notice 2026-05

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