PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Advocate for Entrepreneurs Applauds Final Rule that Expands Affordable Health Insurance Options for Small Business and their Employees

By at 14 June, 2019, 11:15 am

News

FOR IMMEDIATE RELEASE

Washington, D.C. – The Trump Administration has released a final rule on health reimbursement accounts (HRAs), and Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement on this important action:

“The new rules on HRAs will address a big gap in the marketplace for affordable health coverage options, especially for small businesses and their employees. The changes are a very big deal for small businesses, as many need to offer health coverage in order to compete for workers in the tight labor market. They also want to do the right thing by offering coverage options, and the new and improved HRAs allow entrepreneurs to do just that. We thank President Trump and his team, not only for their work on HRAs, but all the solutions this Administration has put forward to foster more competition, innovation and affordability in the health insurance marketplace. These solutions and policies mean more self-employed entrepreneurs, small businesses and their families have access to health care.

“Allowing employees to use HRA funds to purchase the health coverage that best meets their personal needs is true choice. And allowing the use of the funds for benefits such as dental and vision care adds tremendous value for health consumers and their families.”

The Administration estimates that 800,000 businesses and 11 million workers and their families will benefit from the new rules that liberalize HRAs.  These are changes that SBE Council has been advocating for more than a decade, and the organization’s president & CEO Karen Kerrigan will be present at the White House today for an event marking these important changes.

Contact:

Karen Kerrigan

e-mail: kkerrigan@sbecouncil.org 

SBE Council is nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For 25 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit www.sbecouncil.org for additional information. Twitter: @SBECouncil

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