Hermès Herbag in Tokyo: Is It Worth It?
Contents

In short: Yes — if you want a Hermès bag to carry rather than to protect. Both objections to the Hermès Herbag resolve in practice: the clou de selle closure is stiff for three or four weeks and then becomes a one-handed operation, and the toile canvas body sits under the same Kelly-derived architecture, Vache Hunter leather flap, handles, and strap, and full Hermès after-sales care as the leather bags in the range — at a weight you can carry for twelve hours. It is the wrong bag if a Kelly 28 already lives in your closet. And on price, Tokyo is one of the rare markets where an unused Herbag costs close to Japanese boutique retail rather than more than a new one, as it often does elsewhere, with Japan's 10% visitor tax exemption on top.
Introduction: The Hermès Bag People Argue About
Most Hermès guides are written about bags nobody disputes. A Birkin is a Birkin. The Herbag is different: it is the one model where two well-informed collectors will reach opposite conclusions, and both will have a real reason.
The case against it is easy to state. The body is canvas, not leather, and it carries a Hermès price. Then there is the closure. A leather flap folds over two sangles, and a clou de selle stud borrowed from the Kelly holds it shut — stiff out of the box, and it asks for two hands. Neither objection is unfair.
The case for it is almost never a price argument. What the Herbag actually offers is luxury you do not have to protect. It is light — roughly 840–960 g in a Zip 31. Canvas is unbothered by a commute, a rain shower, or a supermarket. And it is quiet enough on the street that it announces nothing — an if you know, you know piece rather than a statement. That is a genuinely different proposition from a Birkin or a Kelly, and it is what the bag is actually for.
One fact shapes the pricing half of this guide: in Western resale markets, a neutral Herbag in good condition frequently costs more than a new one, which is the single strongest price objection to the model. Tokyo's unused market does not behave that way. At the low end, an unused Herbag Zip 31 here trades essentially level with a Japanese boutique price — a price most visiting buyers cannot access directly.
Is the Hermès Herbag Worth Buying?
Yes, if you want a Hermès bag to use rather than to protect. The Herbag pairs a Kelly-derived trapezoid architecture with toile canvas and Vache Hunter leather furniture, weighs roughly 840–960 g in the Zip 31 against noticeably more for an all-leather bag of the same footprint, and remains eligible for Hermès after-sales care. It is the most accessible entry point into Hermès handbags — accessible, not inexpensive.
What you are actually paying for. The Herbag is not a canvas tote with a logo on it. Its construction is the same vocabulary as the house's flagship bags:
- Kelly-derived architecture. The trapezoid body, the single flap, the twin sangles, and the clou de selle closure come straight from the Kelly, with the Haut à Courroies further back in the lineage.
- Vache Hunter leather furniture. The flap, handles, and strap are Vache Hunter — a firm, matte, minimally treated calfskin that holds its shape and develops color with use. It is the same reason the bag looks better at two years than at two weeks.
- Weight. The most underrated specification on this bag, and the one you notice by mid-afternoon: you carry it all day without thinking about it.
- After-sales. Hermès services the Herbag like any other bag in the range, which is what separates a canvas Hermès from a canvas bag.
Who this bag is not for. Two buyers should think twice:
- If you already carry a Kelly 28 or 32, the Herbag overlaps it almost exactly in silhouette, capacity, and closure mechanism. Buyers who own both tend to reach for the Kelly, and the Herbag becomes the bag that stays home.
- If you need one-handed access in a hurry — a transit gate, a boarding pass, a toddler — the flap-and-clou closure will irritate you for the first few weeks, and no technique fully removes that. The next section covers what does help.
If what draws you to the Herbag is relaxed daily wear rather than the model itself, the Picotin and Evelyne answer the same brief in leather, at a comparable level and with more availability.

Is the Herbag Closure Really That Difficult?
It is stiff when new and it is not a one-handed bag on day one — that part is true and worth saying plainly. It is also the objection most buyers resolve within a few weeks of daily use, because the Vache Hunter relaxes and because the Herbag Zip's rear zip pocket means the flap rarely needs to open at all. Nothing about the closure is broken; it is a Kelly closure on a lighter bag.
What the closure actually is. A leather flap folds over the body. Two sangles — the leather straps — pass down the front, and a clou de selle, the same saddle-nail stud used on the Kelly and Birkin, seats through a leather loop to hold everything shut. New Vache Hunter is firm, the loop has no give yet, and the stud takes deliberate pressure. That is the whole of the complaint.
Four things that resolve it in practice:
- Close the clou de selle only and let the sangles hang. This is exactly how experienced Kelly and Birkin owners carry theirs. The bag is secure, the silhouette is correct, and closing takes one motion instead of three. If you take one thing from this section, take this one.
- Hook the canvas tab over the stud and skip the flap entirely. For errands and short trips, this closes the bag adequately without engaging the leather at all.
- Seat the stud by pushing from behind, not pulling from the front. Support the loop from the inside of the flap and push the leather up onto the stud. Pulling the loop forward fights the stiffness; pushing works with it.
- Give it three to four weeks of real use. The loop and the flap soften with handling, and the closure becomes genuinely one-handed. Buyers who return the bag almost always do so inside the first fortnight, before this happens.

The rear zip pocket is why this is manageable, and it is the point competitors miss. The current Herbag Zip carries a zip pocket on the back of the bag, sized for a phone, cards, and a wallet — the upgrade that separates it from the 1998 original. In daily use, those are the three things you reach for, and none of them require the flap. The closure objection and the Zip generation's biggest improvement are the same story: the flap secures the bag, the zip pocket runs the day.
One honest caveat: the clou de selle marks the sangles over time, leaving a faint impression where the stud sits. It is normal, it is visible on well-carried bags, and it is not damage.
Which Herbag Size Should You Choose?
Five formats make up the current Herbag Zip lineup: the Herbag Zip Mini 20, the Zip 31, the Zip 39, the Zip Messenger 39, and the Zip Cabine 50. The Zip 31 at 30.5 × 25.5 × 10 cm is the everyday choice and the size the market is built around; the Mini 20 at 20 × 17 × 7 cm is the compact one; the 39 and above are working and travel bags.
| Format | Legacy code | Dimensions (W × H × D) | Capacity | How it carries |
|---|---|---|---|---|
| Herbag Zip Mini 20 | — | 20 × 17 × 7 cm | Wallet, phone, keys. No inner pouch | Shoulder and crossbody; hand-carry is proportionally awkward |
| Herbag Zip 31 | PM | 30.5 × 25.5 × 10 cm | Long wallet, phone, a compact pouch, a folded layer. A 500 ml bottle stands upright, but it claims most of the 10 cm depth. A4 will not lie flat | Hand and shoulder always; 95 cm strap, so crossbody depends on height |
| Herbag Zip 39 | MM | 39 × 33 × 14 cm | A4 documents and a 13–14 inch laptop, with room left for a light layer | Hand and shoulder; 95 cm strap |
| Herbag Zip Messenger 39 | — | approx. 39 × 28 × 9 cm | A4 and a laptop in a slim 9 cm depth | Built for crossbody and movement; Hermès positions it as the men's format |
| Herbag Zip Cabine 50 | GM | approx. 50 × 34 × 22 cm | B4 files; a genuine one- or two-night bag | Hand and shoulder; a travel format |
The 31 and 39 figures are Hermès' own specifications; resale listings measure the body instead and commonly quote the 31 as 31 × 25 × 10. Capacity is what each format takes comfortably rather than a maximum — the Herbag tapers, and the stated depth is its widest point.
One naming point before you shop. The numbers approximate width in centimeters rather than stating it — Hermès lists the Zip 31 at 30.5 cm. PM / MM / GM are a separate, model-relative system, so the same PM means a different size on a different Hermès model. Listings mix the two freely, which is why one bag turns up as both a "Herbag Zip 31" and a "Herbag Zip 31 PM."
On crossbody wear, the honest version. The Zip 31 is widely sold as a three-way bag and is not quite that: the strap sits high, so crossbody is comfortable for taller wearers and marginal for shorter frames. Hand and shoulder work for everyone. If crossbody is the point, the Zip Mini 20 and Zip Messenger 39 are built for it, and a longer aftermarket strap is a common, reversible fix on the 31. The Vache Hunter strap is firm when new and can dig in under load; like the closure, it softens.
On the 31 versus the 39. The 31 is the most popular Herbag size, and the Tokyo unused market is built around it and the Mini 20. The 39 is the rarer ask. If you want one, plan for it as a sourcing request rather than a shelf expectation. If you are undecided, the 31 is the safer choice and the easier one to resell later.
Which Canvas Should You Choose — and How Does It Hold Up?
Toile is Hermès' umbrella term for the canvas body, and the specific toile changes how the bag behaves, not just how it looks. Toile H — a two-tone plain weave — is the most common and the most abrasion-resistant of the light options. Toile GM is coarser and tougher, Toile Officier is a fine single-color weave that reads dressier, and Toile Militaire is a nylon-cotton blend and the most hard-wearing of the four. The leather parts are Vache Hunter on every version.
| Canvas | Weave | Character | Best suited to |
|---|---|---|---|
| Toile H | Two yarn colors, plain weave | The signature look; light, abrasion-resistant | The default choice, and the easiest to find |
| Toile GM | Thicker yarn, coarser weave | The toughest cotton option; visibly casual | Daily wear, travel, anyone hard on bags |
| Toile Officier | Fine single-color weave | Vivid, matte, more formal | Wearing the bag dressed up rather than down |
| Toile Militaire | Nylon and cotton blend | Most abrasion-resistant; resists pilling | The most practical option for heavy use |
| Toile H Berline | A distinct Toile H weave, currently listed by Hermès on the Zip 31 | The Zip 31 in this canvas is listed above the standard Toile H figure — see the price section | Buyers who want the familiar look in a less common cloth |
| Toile H Viking | A further house canvas | Turns up on circulating pieces rather than the standard offer | Buyers looking for something less common |
Lighter, smoother weaves show lint and pick up color transfer from dark clothing more readily; the coarser and blended canvases shrug both off. If you are choosing between a paler Toile H and a Militaire for a bag you intend to carry every day, the Militaire is the easier ownership.
One more choice sits alongside the canvas: the stitching. Retourné is stitched inside out, which rounds the edges and reads softer; Couture Sellier is stitched from the outside for a sharper, more architectural line. They are two separate bags at two separate prices rather than two settings of one, so decide which you want before you start looking.
Vache Hunter is the part that ages, and the part that marks. It is minimally finished by design, which is what gives it the matte, structural look — and it means the leather scratches and scuffs more readily than a treated calfskin. Expect surface marks in the first month. On this leather they read as patina rather than damage, and most owners stop noticing them; a buyer who is told this in advance is fine with it, and a buyer who discovers it afterwards is not. The clou de selle's impression on the sangles, mentioned earlier, belongs in the same category.
Rain, cleaning, and care:
- Light rain is not a problem. The canvas handles it. Prolonged wetting is the risk, and the Vache Hunter is the vulnerable part — it stains and discolors if it stays wet. Dry the leather immediately with a soft cloth rather than letting it air-dry.
- Dust comes off with a soft brush. Use it regularly and the canvas stays even.
- For soiling, blot — never rub. A cloth with heavily diluted neutral detergent, applied by blotting, lifts most marks. Rubbing works the mark into the weave.
- Heavier soiling goes to Hermès or a specialist. Do not put any part of this bag in water beyond blotting, and do not machine-wash any component.
On color, the Herbag's canvas-and-leather pairing means the bag reads as two tones rather than one, and the neutral combinations — black, natural, sable, and the brown family — are what circulate most consistently in Tokyo. For date stamps and the current-season color vocabulary, our 2026 Hermès colors guide covers both.
What Does a Hermès Herbag Cost in Tokyo in 2026?
A Herbag Zip 31 at a Japanese boutique sits between roughly ¥512,600 and ¥535,700 (approx. $3,251 – $3,398 USD) depending on the canvas, and the Zip Mini 20 lists at ¥464,200 (approx. $2,944 USD). Unused pieces on Tokyo's specialized market run approximately ¥520,000 – ¥660,000 (approx. $3,300 – $4,200 USD) for a Zip 31 and ¥540,000 – ¥830,000 (approx. $3,400 – $5,250 USD) for a Zip Mini 20 — which puts the bottom of the unused band essentially level with a boutique price.
Japanese boutique retail
| Model | JP boutique retail | USD approx. |
|---|---|---|
| Herbag Zip Mini 20 | ¥464,200 | approx. $2,944 USD |
| Herbag Zip 31 Retourné, standard Toile H | ¥512,600 | approx. $3,251 USD |
| Herbag Zip 31, Toile H Berline | ¥535,700 | approx. $3,398 USD |
| Herbag Zip 31 Retourné Lacquer | ¥566,500 | approx. $3,593 USD |
| Herbag Zip 39 | Above the 31; no published figure | — |
The Toile H Berline figure is Hermès Japan's own current listing; the others follow the Japanese price list of February 1, 2026, which raised the line by roughly 5.5%. Exchange rate reference: 1 USD ≈ ¥157.67 (August 2026).
The canvas moves the number, which is why there is no single retail price for a Zip 31: budget ¥510,000 – ¥540,000 and confirm the exact configuration you want. The Zip 39 is blank because the figure circulating online does not hold up — ask us and we will confirm it.
How the Tokyo unused market relates to retail
| Herbag Zip 31 | Herbag Zip Mini 20 | |
|---|---|---|
| JP boutique retail | ¥512,600 – ¥535,700 (approx. $3,251 – $3,398 USD) | ¥464,200 (approx. $2,944 USD) |
| Unused Tokyo market | ¥520,000 – ¥660,000 (approx. $3,300 – $4,200 USD) | ¥540,000 – ¥830,000 (approx. $3,400 – $5,250 USD) |
| Relationship to JP retail | approx. 1.0× – 1.3× | approx. 1.2× – 1.8× |
Market figures describe what Tokyo asks for unused pieces, drawn from published retail lists and a survey of Tokyo sellers. They are not a quotation for any particular bag.
1. The Zip 31 is the configuration that answers the price objection. At the low end of the Tokyo unused market it trades essentially level with a boutique price — one a visiting buyer generally cannot access anyway. That is a materially better relationship than the Western resale markets where a neutral Herbag in good condition routinely asks more than a new one. The Zip Mini 20 carries the collector premium instead, at roughly 1.2× to 1.8× retail, mirroring the Mini Lindy against the Lindy 26. If price is the sticking point rather than the bag, choose the 31.
2. Japanese retail is below US retail before any market premium enters the picture. Sotheby's puts US retail for the Zip 31 at approximately $3,525 USD in its May 2026 guide. Japanese retail is ¥512,600 (approx. $3,251 USD) for the standard configuration — about 8% less. Applied tax-free, the Japanese boutique figure is approximately ¥466,000 (approx. $2,956 USD), roughly 16% below US retail. And the low end of the unused Tokyo market, tax-free, comes to approximately ¥473,000 (approx. $3,000 USD) — still around 15% below US boutique retail, for a bag you can carry out the same day. Our guide to whether Hermès is cheaper in Japan covers how that comparison works across the range.
What tax-free changes for a visiting buyer
Visitors to Japan on temporary visitor status qualify for exemption from the 10% consumption tax on qualifying purchases. Japanese prices are quoted tax-inclusive, so the exemption comes off the displayed figure rather than being added to it. That exemption and the current strength of the dollar are a natural advantage for collectors visiting Tokyo, but both apply across the whole Hermès range rather than to the Herbag in particular — they make a good decision better, not the reason to make it.
On a round illustrative price of ¥550,000 (approx. $3,488 USD) for an unused Herbag Zip 31, the tax-free price is approximately ¥500,000 (approx. $3,172 USD) — a difference of roughly $316 on a single bag. The mechanics change on November 1, 2026, when Japan moves to a refund-based system; our guide to Japan's 2026 tax-free changes explains what that means at the counter.
One caution. The Herbag is a bag to carry, not a holding. Japanese retail has risen annually, which supports pieces already in circulation, but we do not present any bag as a value-retention play — least of all a canvas one, where what it is worth later depends almost entirely on how it was carried.
Is the Hermès Herbag Discontinued?
No — but the confusion is legitimate, because two different bags share the name. The original Herbag, introduced in 1998, was discontinued around 2006. The Herbag Zip replaced it in 2009 and remains in current production, carried on the Japanese boutique price list and revised upward in February 2026 like the rest of the range. If you have read that the Herbag was discontinued, the source was describing the first generation.
| Original Herbag (1998 – approx. 2006) | Herbag Zip (2009 – current) | |
|---|---|---|
| Status | Discontinued; still circulates on the market | In current production |
| Interchangeable canvas body | Yes — the defining feature of this generation | No — removed |
| Rear zip pocket | No | Yes — on every size |
| Removable inner pouch | No | Yes — all sizes except the Zip Mini 20 |
| Clou de selle hardware | Original design | Reworked |
| Size codes seen in listings | Mini, TPM, PM, MM, GM, Ado, Cabas | 20, 31 (PM), 39 (MM), Messenger 39, Cabine 50 (GM) |
One point to be clear about: the canvas body on a Herbag Zip is fixed. You cannot swap it, remove it, or turn the bag inside out — the interchangeable shell was the first generation's signature feature and did not survive into the Zip. If a listing suggests otherwise, it is describing the original.
Two names you may still meet in older listings belong to that first generation only: the Herbag Ado, a two-way version that carries as a backpack, and the Herbag Cabas, an open-top tote.
How Do You Secure a Herbag in Tokyo as a Visitor?
Through Tokyo's specialized unused market, where the transaction runs on available inventory rather than on a relationship built over years. No purchase history is required, the specification is yours to state rather than to accept, and the 10% visitor exemption is handled at the counter with your passport.
Availability on this model is a question about color, not about the bag. Black is the straightforward request; natural, sable, and the brown family circulate steadily. Seasonal shades, the less common canvas-and-color pairings, and the Officier and Militaire bodies are the patient asks — better placed as a sourcing request before you travel than hunted on a shelf during a nine-day trip. The same goes for the larger formats: the market is built around the 31 and the Mini 20, so a Zip 39 or a Cabine 50 is almost always sourced to order.
At Ginza Celia, a few minutes from the official Hermès flagship in Ginza, that works as follows:
- Share your target specification — format (Mini 20, 31, or larger), canvas type, color combination, and Retourné or Couture Sellier — via WhatsApp or LINE, before you travel where possible.
- We check current stock the same day and send detailed photographs of the exact piece: the weave, the Vache Hunter, the clou de selle and sangles, the blind stamp, the rear zip pocket, and the interior.
- If nothing matches yet, we track arrivals against your request. Less common canvases are single-piece propositions.
- You try the closure in person. This matters more on the Herbag than on any other model in the range — a few minutes with the clou de selle at the counter settles the question that no article can settle for you.
- You decide with no obligation — no pre-spend, no waitlist, no purchase history, and no pressure to accept a piece that is not the one you described.
Japan's Secondhand Goods Business Act (古物営業法) and the police licensing that accompanies it make this one of the strictest luxury resale markets in the world, and every piece is physically inspected before it is listed. For what that inspection covers — stamps, stitching, hardware, and documentation — see how Hermès bags are authenticated in Japan. The same principle that makes this route work for a short trip applies across the range; our guide to securing a Birkin in Tokyo without a purchase history explains why. If you would rather not carry the bag home, insured international shipping from Japan covers the process and what to expect at your own customs.
Conclusion
The argument about the Herbag resolves more easily than it looks. The closure is stiff for three or four weeks and then it is not, and the rear zip pocket means you barely use it anyway. The canvas question answers itself once you understand what you are buying: Kelly architecture, Vache Hunter furniture, Hermès after-sales, and a bag light enough to carry for twelve hours. It is not the bag to acquire if a Kelly 28 already lives in your closet, and we would rather say so than sell around it.
On price, the geography matters. A Herbag Zip 31 at ¥512,600 (approx. $3,251 USD) at Japanese boutique retail is a price most visiting buyers will not be quoted; an unused one in Tokyo starts essentially level with it, and the 10% visitor exemption comes off the top. In markets where a neutral Herbag asks more used than new, that comparison is the entire reason to look here. Ginza Celia's concierge team can confirm a specific format, canvas, and color combination against current stock before you board your flight — and will tell you plainly if what you are asking for needs to be sourced instead.
Connect with Our Concierge
Looking for a specific Herbag combination? Message our team with your target format, canvas type, color, and Retourné or Couture Sellier preference, and we will check current stock or track it against new arrivals.
- Visit Us: Ginza Celia Boutique — Google Maps
- Inquire via WhatsApp: Contact Our Concierge
- Message us on LINE: Add Our LINE Concierge
- Browse New Arrivals: View the Unused Collection
Frequently Asked Questions
Q. Is the Hermès Herbag worth buying?
A. Yes, if you want a Hermès bag to carry daily rather than to protect. The Herbag pairs Kelly-derived architecture with a toile canvas body and Vache Hunter leather furniture, weighs approximately 840–960 g in the Zip 31, and remains eligible for Hermès after-sales care. Its real advantage over a Birkin or Kelly is practical: it is light, it handles weather and errands without concern, and it is discreet enough to carry anywhere. It is the wrong choice for a buyer who already carries a Kelly 28 or 32, since the two overlap almost exactly.
Q. Is the Hermès Herbag discontinued?
A. No. The original Herbag, introduced in 1998, was discontinued around 2006, and the Herbag Zip replaced it in 2009. The Herbag Zip is in current production and appears on the Japanese boutique retail price list. The two generations differ: the Zip added a rear zip pocket and a removable inner pouch, reworked the clou de selle hardware, and removed the interchangeable canvas body that defined the original.
Q. How much does a Hermès Herbag cost?
A. At a Japanese boutique a Herbag Zip 31 runs roughly ¥512,600 to ¥535,700 (approx. $3,251 – $3,398 USD) depending on the canvas — the February 1, 2026 price list puts a standard Toile H Retourné at ¥512,600, while Hermès lists a Toile H Berline at ¥535,700. A Herbag Zip Mini 20 lists at ¥464,200 (approx. $2,944 USD). Unused pieces on Tokyo's specialized market run approximately ¥520,000 – ¥660,000 (approx. $3,300 – $4,200 USD) for a Zip 31 and ¥540,000 – ¥830,000 (approx. $3,400 – $5,250 USD) for a Zip Mini 20, before Japan's 10% tax-free exemption for visitors.
Q. Is the Herbag an entry-level Hermès bag?
A. It is the most accessible entry point into Hermès handbags, which is not the same as an inexpensive bag — a Herbag Zip 31 starts at ¥512,600 (approx. $3,251 USD) at Japanese boutique retail and runs higher depending on the canvas. Sotheby's describes it as one of the most accessible entry points into the house's handbags. The canvas body is what places it below the all-leather models on price, and the construction, leather furniture, and after-sales care are the same standard as the rest of the range.
Q. Herbag 31 or 39 — which should I choose?
A. The Herbag Zip 31 (30.5 × 25.5 × 10 cm per Hermès) is the everyday size and the one the Tokyo market is built around. It comfortably takes a long wallet, a phone, a compact pouch, and a folded layer; a 500 ml bottle stands upright but claims most of the 10 cm depth, and A4 will not lie flat. The Herbag Zip 39 (39 × 33 × 14 cm per Hermès, with a 95 cm strap) is the working size, taking A4 documents and a 13–14 inch laptop with room for a light layer. The 31 is the more available format and the easier one to resell; a 39 is generally a sourcing request rather than a shelf find.
Q. Is the Hermès Herbag closure hard to open?
A. It is stiff when new. The clou de selle stud seats through firm Vache Hunter leather that has no give yet, so the bag asks for two hands in the first weeks. Three things resolve it: close the clou de selle alone and let the sangles hang, as Kelly and Birkin owners do; seat the stud by pushing the loop up from behind rather than pulling it forward; and use the bag, since the leather relaxes within three to four weeks and the closure becomes one-handed. The Herbag Zip's rear zip pocket holds a phone, cards, and a wallet, so the flap rarely needs to open at all.
Q. Can you use a Hermès Herbag in the rain?
A. Light rain is fine — the toile canvas handles it. Prolonged wetting is the risk, and the Vache Hunter leather flap, handles, and strap are the vulnerable parts, since they stain and discolor if they stay wet. Dry the leather immediately with a soft cloth. For dust, use a soft brush; for soiling, blot with a cloth and heavily diluted neutral detergent rather than rubbing. Heavier cleaning should go to Hermès or a specialist, and no part of the bag should be machine-washed.
Q. Can I buy a Hermès Herbag tax-free as a tourist in Japan?
A. Yes. Visitors on temporary visitor status qualify for exemption from the 10% consumption tax on qualifying purchases, handled at the point of sale with your passport. Japanese prices are displayed tax-inclusive, so the exemption comes off the listed figure — on a ¥550,000 (approx. $3,488 USD) unused Herbag Zip 31, the tax-free price is approximately ¥500,000 (approx. $3,172 USD). Japan moves to a refund-based system on November 1, 2026, which changes the mechanics but not the eligibility.