Richard S. Bernstein and Associates, Inc. Supports Trump’s “One Big Beautiful Bill”

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Richard S. Bernstein and Associates, Inc., longtime insurance advisor to the Trump Organization and advocate for smart healthcare and tax reform, strongly supports the unveiling of President Trump’s “One Big Beautiful Bill”—a sweeping, pro-growth proposal to empower families, seniors, workers, and small businesses across the country.

This bold new proposal includes historic reforms to Health Savings Accounts (HSAs) and payroll tax relief, reshaping how Americans save, spend, and manage their medical costs.

Key Provisions of the Bill:

• HSA Contributions Expanded Across the Board:
  Increased annual limits for HSA contributions—both for employees and employers—mean more financial control, more flexibility, and more freedom to manage out-of-pocket expenses.
  Higher Contribution Limits for Lower-Income Earners
  Individuals earning under $75,000 can contribute double the standard HSA limits, currently:
  +$4,300 for individuals
  +$8,550 for families
• Freedom to Save at Any Age: HSA Access Extended for Eligible Working Seniors
  Workers age 65+ who are eligible for Medicare Part A can now continue contributing to an HSA, as long as they’re enrolled in a high-deductible health plan (HDHP).

A Smarter Future for Healthcare

Together, these reforms put more money into the hands of workers, ease financial stress on families, and support older Americans who continue to contribute to the economy. They protect choice, dignity, and freedom in healthcare—without government overreach.

“It’s time to modernize our healthcare system,” Bernstein added. “This bill does exactly that—by rewarding hard work, expanding savings, and giving people the tools to control their own care.”

Let people save as long as they work. That’s not just smart policy—it’s the American way.

About Richard S. Bernstein and Associates, Inc.

Richard S. Bernstein is the esteemed CEO and Founder of Richard S. Bernstein & Associates Inc., a renowned national leader in the health care and life insurance industry for over 60 years. Throughout his illustrious career, Richard has provided expert advice to some of America's wealthiest families and businesses, with a notable portfolio that includes being a healthcare and insurance advisor to Donald Trump and the Trump Organization. As a lifelong billion-dollar plus insurance producer, Richard Bernstein has consistently ranked among the world's top insurance agents for five decades, receiving numerous accolades for his exceptional work.