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Old 06-14-2019, 03:38 PM   #1
Greg27b
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Default Trump give businesses and workers better health care options

Quote:
By Brian Blase for CNN Business Perspectives
Updated 8:15 AM ET, Fri June 14, 2019


Brian Blase is a special assistant to the president at the National Economic Council focused on health care policy.

The opinions expressed in this commentary are his own.


When President Trump took office, small businesses and hard-working, middle-class families were finding it increasingly difficult to afford health insurance. The Trump administration has already taken significant steps to help, and Thursday we took another one. A new Trump administration rule will provide an estimated 800,000 businesses a better way to offer coverage and millions of workers a better way to obtain coverage, through the expansion of Health Reimbursement Arrangements (HRAs).

HRAs are employer-funded arrangements that workers use to pay for medical expenses. The Obama administration forbade workers in the individual insurance market to use HRAs to pay for coverage — significantly impeding employer flexibility and worker choice. Trump's new rule undoes this misguided restriction.
Starting on January 1, 2020, employers will be able to offer their workers HRAs to buy individual market coverage for themselves and their families. The administration's new rule addresses a major inequity by, in effect, providing the same tax advantage that traditional employer-sponsored group plans receive — exclusion of premiums from federal income or payroll taxes — to coverage that workers in the individual market purchase from an HRA.
The rule will significantly expand worker options since 80% of firms that provide insurance currently offer only one type of plan. Now, workers will be able to use tax-advantaged money from their employers to buy coverage of their choosing. This new flexibility will allow peopleto maintain their coverage when they switch jobs.
https://www.cnn.com/2019/06/13/persp...7IwsV0zI1vPv1Q
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Old Yesterday, 01:55 PM   #2
Greg27b
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Default Re: Trump give businesses and workers better health care options

where's all the libs thanking Trump for helping to keep government out of your healthcare while making it easier to pay for it tax-free...oh wait, Trump still wants you to show personal responsibility by contributing and paying for it your self.
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