Many in Washington talk a big game about protecting workers and small businesses, but the Trump administration is getting results: A new rule from the White House will give millions of working Americans access to affordable health insurance.
During a ceremony in the Rose Garden, President Trump announced a rule allowing employer-sponsored health reimbursement accounts (HRAs) for the first time to pay for individual health insurance premiums tax-free. Employees can already use HRAs to fund out-of-pocket medical costs, but this reform takes it one step further.
Now, employees can use HRAs to pay premiums for the private insurance plan of their choosing. The reform puts employees in the driver’s seat to select insurance plans that best meet the coverage needs of themselves and their families.