NAHB Commends White House Efforts to Expand Health Care Options for Businesses
NAHB Now – June 14, 2019
President Trump announced at a White House event today that the administration has finalized a rule to expand the use of health reimbursement arrangements (HRAs).
“NAHB commends President Trump for taking steps to reduce health care costs for businesses and workers alike by promoting the increased use of health reimbursement arrangements,” said NAHB Chairman Greg Ugalde, who attended the White House briefing. “With health care costs soaring, HRAs are important tools that allow home builders and other small businesses to help their workers defray the high cost of insurance premiums and other out-of-pocket medical expenses. Expanding the availability and permitted use of HRAs through issuance of this final regulation will help bring choice and affordability to the health care marketplace.”
HRAs allow employers to offer pre-tax dollars to insured employees to help pay premiums and/or other out-of-pocket costs associated with medical care and services.