Health Savings Account Expansion Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4353 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4353 To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 21, 2026 Mr. Marshall introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Health Savings Account Expansion Act''. SEC. 2. HEALTH SAVINGS ACCOUNT ELIGIBILITY. (a) In General.--Subparagraph (A) of section 223(c)(1) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``if--'' and inserting ``if, as of the 1st day of such month--'' (2) by striking ``as of the 1st day of such month'' in clause (i), (3) by redesignating subclauses (I) and (II) of clause (ii) as items (aa) and (bb), respectively, and by moving such items 2 ems to the right, (4) by redesignating clause (ii) as subclause (II) and by moving such subclause 2 ems to the right, (5) by striking ``such individual'' in subclause (II), as so redesignated, (6) by striking ``such individual is covered'' in clause (i) and inserting ``such individual-- ``(I) is covered'', (7) by striking the period at the end and inserting ``, or'', and (8) by adding at the end the following new clause: ``(ii) such individual-- ``(I) is covered under a government plan, including coverage under the Medicare program under part A, part B, or part C of title XVIII of the Social Security Act, the Medicaid program under title XIX of such Act, the CHIP program under title XXI of such Act or a quali