H.R. 548, known as the "HSA Modernization Act," seeks to update the regulations for health savings accounts (HSAs) by making several changes to the Internal Revenue Code of 1986. The bill would allow a broader range of individuals, including veterans, Medicare Part A...
Simple Explanation
H.R. 548 wants to make some changes to how people save money for their healthcare. It lets more people put money aside for medical costs, even if they have other types of health plans or are married, and it allows using this money for things like long-term care.