More people than ever before can use Health Savings Accounts to help pay for their health care!
As a result of the Working Families Tax Cuts legislation signed into law by President Trump, more 2026 Marketplace plans — including all Bronze and Catastrophic health plans — now work with Health Savings Accounts to help you pay your share of costs for health care.
You can contribute to a Health Savings Account when you’re enrolled in an eligible High Deductible Health Plan, like a Bronze or Catastrophic plan.
- Setting aside money in a Health Savings Account for health care costs, like deductibles, copayments, and coinsurance, helps save you money and lowers your taxable income and what you might owe when you file taxes.
- You decide how much to contribute to your Health Savings Account based on your budget. There’s no minimum amount (but there’s a yearly limit).
- The amount in your Health Savings Account rolls over year to year and can earn interest, putting more money in your account to cover your health care needs.
What’s a Health Savings Account, and how does it work?
To save money on health care costs through a Health Savings Account, you must enroll in a plan that is specifically eligible to be used with a Health Savings Account, like any Bronze or Catastrophic plan or another Marketplace plan that’s designated as eligible for a Health Savings Account.
A Health Savings Account saves you money on health care costs by letting you set aside money to pay for qualified medical expenses, like deductibles, copayments, coinsurance, and even some dental, drug, and vision expenses, without paying taxes on it. (Funds generally can’t be used to pay plan premiums.) These accounts are offered by banks, credit unions, and other financial institutions.
This money stays in your account until you need it for medical care and often earns interest, helping it grow over time. You choose how much to contribute based on your budget — even small monthly contributions can add up significantly over time. There’s no minimum amount you need to put in, but there’s a yearly limit you can’t go over.
Health Savings Accounts provide several tax benefits: you can deduct contributions from your taxable income, what you don’t spend stays in the account and rolls over year to year, and any interest earned isn’t taxed. When you file your taxes, the money you put into your account lowers the amount of income you have to pay taxes on. By using untaxed dollars to pay for eligible medical expenses, you can lower your out-of-pocket health care costs.