The U.S. Department of the Treasury and IRS this week shared details about the health savings account updates enacted via President Donald Trump 's " big beautiful bill ."

The notice covers the legislation's new tax benefits for HSAs , including wider eligibility via high-deductible health plans, or HDHPs. Participants must have an eligible HDHP to make HSA contributions.

HSAs offer three tax benefits : an upfront deduction for contributions, tax-free growth and tax-free withdrawals for qualified medical expenses.

"These changes expand HSA eligibility, which allows more people to save and to pay for healthcare costs through tax-free HSAs," the IRS said in a news release Tuesday.

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