HSA

Senators Mike Crapo (R-ID) and Bill Cassidy (R-LA) have released the Health Care Freedom for Patients Act. According to a bill summary, the proposal would—among other things—direct the Department of Health and Human Services to deposit payments into Health Savings Accounts paired with bronze or catastrophic plans on the Exchange in 2026 and 2027.

The Internal Revenue Service (IRS) has issued Notice 2026-05 which provides guidance on changes relating to health savings accounts (HSAs) enacted under the One, Big, Beautiful Bill Act (OBBBA).

Senator Rand Paul (R-KY) has introduced the Health Marketplace and Savings Accounts for All Act.

The IRS has posted the 2025 tax year Form 8889, Health Savings Accounts (HSAs). Taxpayers file Form 8889 to report HSA contributions and associated tax deductions, HSA distributions, and any tax or penalty tax owed for distributions not used for qualified medical expenses.

The Internal Revenue Service (IRS) has posted Instructions for Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, for 2025. 

The Internal Revenue Service (IRS) has posted 2025 tax year Instructions for Form 8889, Health Savings Accounts (HSAs). 

The Internal Revenue Service (IRS) has posted 2025 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.

Representative Lloyd Doggett (D-TX) has introduced H.R. 6183, the Health Savings Account (HSA) Consumer Protection Act.

Senator Rick Scott (R-FL) has introduced S. 3264, the More Affordable Care Act. The bill would allow states to waive certain Affordable Care Act (ACA) requirements if they maintain a high-risk insurance pool.

The IRS has posted another draft 2025 Form 8880, Credit for Qualified Retirement Savings Contributions.