White House expands health accounts for small firms

Image Source: MGN
By  | 

WASHINGTON, D.C. (AP) - The Trump administration said it will expand options for small companies to use special accounts to help workers buy their own health insurance or upgrade job-based coverage, officials said Thursday.

The tax-free individual accounts are called "health reimbursement arrangements," or HRAs.

White House officials said Thursday that employers could also combine the accounts with workplace coverage, allowing workers to use the money for additional benefits such as dental and vision care.

HRAs are already available, but the administration is promoting new uses that potentially could boost their popularity.

Copyright 2019 The Associated Press. All rights reserved.

Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus