IRS unveils new health savings account limits for 2027
The IRS has announced new health savings account limits for 2027, amid rising healthcare costs and a focus on HSAs by Congressional Republicans. President Trump's previous legislation expanded access to HSAs but did not extend enhanced subsidies for marketplace health insurance. As the midterm elections approach, affordability of healthcare remains a critical issue for voters.
- ▪Congressional Republicans are increasingly focused on health savings accounts (HSAs) due to rising healthcare costs.
- ▪President Trump's legislation expanded access to HSAs but did not extend enhanced subsidies for marketplace health insurance.
- ▪Policy experts have criticized HSA expansion proposals, arguing they primarily benefit high-income individuals.
Opening excerpt (first ~120 words) tap to expand
Congressional Republicans have become increasingly focused on HSAs amid rising healthcare costs. President Donald Trump's "big beautiful bill" expanded access to HSAs by making more marketplace health plans HSA-eligible, among other changes. Trump's legislation did not extend the enhanced subsidies for marketplace health insurance that lowered the cost of premiums. The bigger pandemic-era tax credit expired after 2025, which has left millions of Americans uninsured.Senate Republicans in December floated the idea of pre-paid HSAs to partially offset the cost of the expiring HSA subsidies.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Personal Finance.
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