This bill expands and improves health savings accounts, making it easier for more people to save for medical expenses.
Gulf of America Act of 2025This bill renames the Gulf of Mexico as the Gulf of America and directs federal agencies to update their documents and maps to incorporate the new name.
1. This bill expands eligibility for health savings accounts to more types of health plans and insurance. 2. It allows individuals covered by government programs like Medicare and Medicaid to open health savings accounts. 3. The bill simplifies the rules around what qualifies as a high deductible health plan. 4. It updates the tax code to reflect these changes and remove outdated references.
Individuals with various health insurance plans, including those on Medicare and Medicaid.