When President Trump took office, small businesses and hard-working, middle-class families were finding it increasingly difficult to afford health insurance. A new Trump administration rule will provide an estimated 800,000 businesses a better way to offer coverage and millions of workers a better way to obtain coverage, through the expansion of Health Reimbursement Arrangements (HRAs). Starting on January 1, 2020, employers will be able to offer their workers HRAs to buy individual market coverage for themselves and their families. The rule will significantly expand worker options since 80% of firms that provide insurance currently offer only one type of plan . The rule also makes it easier for small businesses to compete with larger businesses for talent.

Source: CNN June 13, 2019 22:41 UTC