White House Expands Health Accounts Aimed at Small Firms

Posted by on June 15, 2019 12:28 am
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Categories: US Politics

WASHINGTON (AP) – The Trump administration is expanding options for employers to use special accounts to help workers buy their own health insurance, upgrade job-based coverage, or choose low-cost plans with limited benefits, officials said Thursday.
The tax-free individual accounts are called “health reimbursement arrangements,” or HRAs, and starting next year employees will be able to use them to buy their own individual health insurance plans.
Employers that offer regular workplace coverage can also set up another type of HRA account – limited to $1,800 a year – that will allow workers to…

Source article: https://www.realclearpolitics.com/articles/2019/06/14/white_house_expands_health_accounts_aimed_at_small_firms_140568.html