Proposed Bill to Roll Back HRA Penalties

Jul 8, 2015

  1. JosephDeacon
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    JosephDeacon Super Genius

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  2. FLM2
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    If this bill passed it would open up all of the small group market for agents to make a seamless transition for small businesses to Off Exchange plans, I can't imagine it being extended for policies with subsidies.

    The bill has bipartisan backing, maybe it has a chance to happen...
     
    FLM2, Jul 8, 2015
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  3. Yagents
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    Yagents, Jul 8, 2015
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  4. kgmom219
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    kgmom219 What's Next?

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    It should be extended to subsidies, it would help resolve the family glitch....
     
  5. FLM2
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    I went through the bill (courtesy of Bill) and could find nothing in there about subsidies being excluded-what is excluded is that the HRA can't be used if the coverage is under a spouse's employer based plan.

    I couldn't find anything, though, about the family glitch....
     
    FLM2, Jul 8, 2015
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  6. Ann H
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    Ann H Guru

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    This could help IFP. However, Congress won't extend it to plans with subsidies. That is double dipping, a general "no-no" in creating tax law.

    Nonetheless, it offers a tax advantage to non-subsidized IFP customers to balance the tax advantages of subsidized IFP, self-employed IFP, and group plans.
     
    Ann H, Jul 9, 2015
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  7. Yagents
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    Could they use the HRA for the non subsidized portion of the premium?
    How about for the out of pocket costs instead?
     
    Yagents, Jul 9, 2015
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  8. Yagents
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    Love this quote regarding the effects of taking away the HRA:

    Business Owner Forced to Get Rid of Health Care Benefits
     
    Yagents, May 31, 2016
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