Did Your Health Plan Just Become HSA-Eligible?

By: Zach Bainter, CFP® 

A provision in the One Big Beautiful Bill Act (OBBBA) is opening the door to Health Savings Accounts (HSAs) for many more people. Previously, if you were enrolled in a Bronze or Catastrophic-level plan through the ACA marketplace, you weren't allowed to open or contribute to an HSA, even though these are often the most affordable plan options. That restriction has been removed, meaning individuals and families with these plans can now take advantage of HSAs.

This matters because HSAs offer a rare triple tax benefit: contributions go in pre-tax, the money grows tax-deferred, and withdrawals for qualified medical expenses are tax-free. Unused funds roll over year to year, and after age 65, the account can be used like a traditional IRA for any purpose. If you're on a Bronze or Catastrophic plan, this change gives you a new way to lower your taxable income while building savings for future medical costs, including Medicare premiums down the road.

HSAs are often overlooked from an investment standpoint. Most of the money in an HSA can be invested similarly to a 401(k). In 2026, the maximum contribution for family coverage is $8,750; the limit is $4,400 for an individual. Those 55+ can contribute an additional $1,000 catch-up contribution. 

If you're enrolled in an ACA marketplace plan, it's worth checking whether your coverage now qualifies you for an HSA, and if so, how much you could contribute to reduce your tax bill and build long-term savings. 

Gerber Kawasaki Wealth & Investment Management is an investment advisor located in California. Gerber Kawasaki Wealth & Investment Management is registered with the Securities and Exchange Commission (SEC). Registration of an investment advisor does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Gerber Kawasaki only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of Gerber Kawasaki Wealth & Investment Management 's current written disclosure brochure filed with the SEC which discusses, among other things, Gerber Kawasaki Wealth & Investment Management's business practices, services and fees, is available through the SEC's website at: http://www.adviserinfo.sec.gov .

Zach Bainter is a Financial Advisor of Santa Monica, California-based Gerber Kawasaki Inc., an SEC-registered investment firm with approximately ~$4.78B billion in assets under management and assets under advisement as of 06/30/26. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which course of action may be appropriate for you, consult your financial advisor. No strategy assures success or protects against loss. Readers shouldn't buy any investment without doing their research to determine if the investments are suitable for their situation. “All investments involve risk and one should consult a financial advisor before making any investments. Past performance is not indicative of future results."