The “One Big Beautiful Bill” (OBBB), a sweeping piece of legislation passed into law on July 4, marks one of the most comprehensive reforms to the U.S. healthcare-related tax policy in recent history. The bill consolidates a broad range of provisions aimed at reducing administrative complexity and increasing flexibility for consumers and employers alike. It covers multiple domains, from telehealth extensions to the expansion of health savings accounts (HSAs) and beyond.
For benefits administrators and employers, OBBBA presents an opportunity to deliver more flexible and attractive benefits. Understanding the nuances of these changes will be key to compliance, communication, and strategic planning ahead of the January 1, 2026 implementation date for most of these provisions.
Below is a summary of how the legislation impacts HSAs and the next steps administrators will want to consider.