A new executive order from President Donald Trump seeks to expand Personalized Health Benefits for U.S. businesses.
The order, issued Thursday, October 12, directs the Secretaries of the Treasury, Labor, and Health and Human Services to consider how to expand the flexibility and use of health reimbursement arrangements (HRAs).
HRAs are an important supporting structure of personalized benefits, which is a new way to offer employee benefits. These arrangements allow small businesses to reimburse employees tax-free for health insurance and medical expenses.
By expanding HRAs, the order would allow more businesses to adopt personalized health benefits. It would also increase the level of personalization possible for employees.
In this post, we’ll examine the language of the executive order, what it means, and what will happen next.
This post first appeared on Small Business Employee Benefits And HR, please read the originial post: here
