Trump administration proposes new type of HRA

May 9, 2019
| United States

By John Barkett, Senior Director of Policy Affairs; Ben Lupin, Senior Regulatory Advisor; Julie Stone, Managing Director; Lindsey Conon, Senior Consultant

On October 23, 2018, the Trump Administration released a proposed rule in response to President Trump’s Executive Order 13813 which called for, among other things, the expansion of health reimbursement arrangements (HRAs). The rule recommends the creation of a new type of HRA — the Individual Coverage HRA (ICHRA) —that would allow employers to reimburse active employees who buy individual health insurance.

In this podcast, our expert panel examines:

  • How ICHRAs might offer employers an alternative to group health insurance
  • The differences between a regular HRA and an Individual Coverage HRA
  • What steps employers must take to implement an ICHRA
  • What impact the ICHRAs could have on the individual health insurance market
  • Why employers should wait until the proposed rule is final to take action