Creates Tax-Free Health Savings Accounts
HR10908-119 · Introduced Oct 26, 2026
Why it matters
Patients could save more for health costs tax-free, while insurers would face a 30-day deadline for coverage decisions. Excess contributions would be taxed.
What it does
- Creates tax-exempt Universal Savings Accounts for individuals, with a $10,000 yearly contribution limit
- Adjusts the $10,000 limit each year for inflation after 2026
- Taxes contributions above the limit, with a special rule for amounts returned before the tax due date
- Requires insurers to approve or deny prior authorization requests within 30 days
- Requires denials to be sent in writing through a secure portal
In committee
Next: a committee vote
- Introduceddone
- Committeecurrent step
- Housenot yet
- Senatenot yet
- Presidentnot yet
About this bill
Would create tax-free Universal Savings Accounts capped at $10,000 a year and require insurers to decide prior authorization requests within 30 days.
Ending Patient Runaround Act
Perspectives
💬 The case for
Savings groups would likely say the accounts help people pay health costs. Patient groups may welcome faster insurance decisions and same-specialty reviews.
💬 The case against
Some insurers would likely say the 30-day deadline adds paperwork and cost. Consumer groups may worry tax-free accounts mostly help higher earners.
Sponsored by
Sponsor details for this federal bill are at the source link.
News
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