OFFERING WORKERS BETTER COVERAGE: President Donald J. Trump is expanding Health Reimbursement Arrangements, opening new coverage options for American workers.
The Trump Administration has finalized a rule to expand HRAs, giving businesses a better way to offer health insurance coverage.
Under the rule, employers will be able to provide their workers with tax-preferred funds to pay for the cost of health insurance coverage that workers purchase in the individual market.
This rule will particularly benefit small businesses that face significant costs in offering a traditional group health plan and businesses that do not currently offer coverage.
More people obtaining coverage from the individual market should spur increased competition among insurers and help deliver better coverage options to consumers... Employers will be able to offer compensation arrangements that many workers will prefer, meaning that over time the rule could boost work and the overall economy.
EXPANDING AFFORDABLE COVERAGE: Many businesses have struggled with the high costs and complexity of health insurance, leading to less coverage and fewer options for workers.
President Trump is working to expand association health plans, which make it more affordable for small businesses to provide health insurance to their employees.
https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-working-improve-health-insurance-coverage-american-workers-help-small-businesses/?utm_source=ods&utm_medium=email&utm_campaign=1600d
The Trump Administration has finalized a rule to expand HRAs, giving businesses a better way to offer health insurance coverage.
Under the rule, employers will be able to provide their workers with tax-preferred funds to pay for the cost of health insurance coverage that workers purchase in the individual market.
This rule will particularly benefit small businesses that face significant costs in offering a traditional group health plan and businesses that do not currently offer coverage.
More people obtaining coverage from the individual market should spur increased competition among insurers and help deliver better coverage options to consumers... Employers will be able to offer compensation arrangements that many workers will prefer, meaning that over time the rule could boost work and the overall economy.
EXPANDING AFFORDABLE COVERAGE: Many businesses have struggled with the high costs and complexity of health insurance, leading to less coverage and fewer options for workers.
President Trump is working to expand association health plans, which make it more affordable for small businesses to provide health insurance to their employees.
https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-working-improve-health-insurance-coverage-american-workers-help-small-businesses/?utm_source=ods&utm_medium=email&utm_campaign=1600d
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