On July 4, 2025, President Donald Trump signed the One, Big, Beautiful Bill (OBBB) into law, which will be effective from Jan. 1, 2026. The OBBB includes changes for employee benefit plans, including provisions that expand the availability of HSAs, extend the telehealth exception for HDHPs permanently, and increase dependent care FSA limits. The OBBB allows employers to continue paying employees’ student loans beyond 2025. In addition, the bill introduced a new type of tax-advantaged savings account for children under age 18, dubbed a “Trump Account.”
Our latest bulletin provides an overview of these key changes. Download the full bulletin to read more.
