The Health Out-of-Pocket Expense Act of 2025, known as the HOPE Act, aims to reform financial provisions related to healthcare costs in the Internal Revenue Code by establishing a new type of tax-exempt account called a HOPE Account. This initiative is designed to assist individuals in managing their medical expenses more effectively by providing a tax-advantaged savings option for qualified healthcare costs. The HOPE Act introduces specific provisions governing the creation and management of HOPE Accounts.