Sunday, November 24, 2024
Advertisement
  1. You Are At:
  2. News
  3. Ap
  4. Trump administration unveils health options for small firms

Trump administration unveils health options for small firms

Officials say the Trump administration is rolling out new options for small employers to use tax-free accounts to provide health coverage for workers

Reported by: AP Published on: October 23, 2018 5:45 IST
Trump administration unveils health options for small firms
Image Source : AP Trump administration unveils health options for small firms

WASHINGTON (AP) — Officials say the Trump administration is rolling out new options for small employers to use tax-free accounts for providing health coverage to workers.

The idea is to expand so-called "health reimbursement arrangements" to allow employees to buy their own individual coverage.

Employers can also pair the accounts with workplace health insurance, allowing workers to use the money for additional benefits such as dental care.

Officials from the departments of Treasury, Labor, and Health and Human Services provided a broad overview of the proposal Monday evening ahead of an official announcement, expected Tuesday.

Critics say the approach will undermine traditional job-based coverage.

HRAs join other Trump administration health insurance initiatives, including association health plans and short-term policies.

The changes are complex and could take time for employers to sort out.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Ap

Advertisement
Advertisement
Advertisement
Advertisement
X