• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Galen Institute

  • Home
  • About Us
    • Mission and History
    • Grace-Marie Turner bio
    • Who was Galen?
  • Activities
    • Core Activities
    • Commentary and Oped Tutorial
    • Our Book
    • Galen Guides
  • Contact Us
  • Major Papers
  • Broadcast Interviews
  • Health Policy Consensus Group

Trump Administration Needs To Take Action To Maximize HRA Rule Potential

POSTED BY Brian Blase | Forbes on June 18, 2020.

The Trump Administration’s rule expanding health reimbursement arrangements (HRAs), specifically allowing employers to reimburse employee’s individual market premiums under certain conditions, is a significant step to empower American families with greater choice and control of their health insurance. These individual coverage HRAs (ICHRAs) are already being used by hundreds of employers to offer coverage to tens of thousands of employees. 

The Treasury Department modeled the effect of the rule and expects that in about five years, 800,000 employers will offer the ICHRA and more than 11 million individual market enrollees will be receive coverage through the ICHRA. This rule change should add far more people to the individual market with a much lower budgetary cost than the Affordable Care Act (ACA).

Employers and benefit consultants working to help employers establish ICHRAs have identified several obstacles to offering the ICHRA. One concern is that the individual market overwhelmingly consists of expensive plans that cover few providers in many areas of the country. It will take Congressional action, particularly loosening some of the ACA rules that keep average premiums high to meaningfully improve the market. However, the main operational obstacle to ICHRA adoption thus far—a requirement to provide a written notice of the ICHRA at least 90 days before the start of the plan year—can be remedied by the administration now. The 90-day notice period makes it difficult for employers to adopt the ICHRA, reduces health care choices, and means that more people are uninsured as a result. The notice period should be cut in half.

To read more of this…..

Read the article at Forbes

Filed Under: Brian Blase, Forbes

Primary Sidebar

Our Annual Report

Health Care Choices 20/20:

A Vision for the Future

SEARCH

Categories

  • Brian Blase
  • Consumer-Directed Care
  • Doug Badger
  • Grace-Marie Turner
  • Health Insurance
  • Health Policy Consensus Group
  • Health Savings Accounts
  • Innovation
  • Medicaid
  • Medicare
  • Newsletter
  • ObamaCare
  • Prescription Drugs
  • Published
    • Forbes
    • Fox Business
    • Health Affairs
    • LA Times
    • National Review
    • New York Post
    • RealClearHealth
    • Sun Sentinel
    • The Daily Signal
    • The Heritage Foundation
    • The Hill
    • The New York Times
    • The Wall Street Journal
    • The Washington Times
  • Reform Initiatives
  • State Issues
  • Uncategorized

LATEST NEWSLETTER ISSUES

SUBSCRIBE

Social Media

Like Us On Facebook

Twitter: @galeninstitute

 

Copyright Galen Institute at Donors. © 2023; · Log in