Two New Types Of HRAs Expand Health Reimbursement Arrangements
May not be aware that on October 12, 2017, President Trump issued an Executive Order promoting Healthcare Choice and Competition.
This took the form of a Notice to expand the flexibility and use of HRAs to provide more Americans with additional options to obtain quality, affordable, healthcare.
The proposed regulations remove the current prohibition on using HRA funds to purchase individual health insurance coverage; however, an array of stipulations apply to assure these new HRAs do not create an unstable individual market and that they coordinate with current Affordable Care Act premium subsidies.
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