Trump administration expands pre-tax accounts for health insurance coverage
6/14/19
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from FoxBusiness,
6/14/19:
The Health and Human Services, Labor and Treasury Departments joined forces on a new initiative intended to provide affordable health care Opens a New Window. coverage to hundreds of thousands of Americans, Secretary of Labor Alex Acosta said.
The legislation will expand the use health reimbursement arrangements (HRAs), allowing employees use pre-tax health arrangements to buy insurance.
“What employers can do is simply put money in an account for their employees and then allow their employees — this is pre-tax dollars — to take these funds and purchase insurance. It is more choice,” Acosta said during an exclusive interview on “Mornings with Maria Opens a New Window. ” on Friday.
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