To amend the Internal Revenue Code of 1986 to repeal the limitations on medical savings accounts relating to the number of accounts and number of employees of an employer, and for other purposes.

Amends the Internal Revenue Code to remove limitations on the number of taxpayers who may have medical savings accounts. Amends provisions defining "eligible individual" to remove references to small employers. Makes the amendments of this Act effective as if they had been included in the Health Insurance Portability and Accountability Act of 1996.