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House committee hears broad proponent testimony on tax credit to promote employer‑funded individual HRA plans for small businesses
Summary
Proponents including Oscar Health, NFIB, and several platform providers told the House Ways and Means Committee that House Bill 133 would create a nonrefundable tax credit to encourage small employers to offer Individual Coverage Health Reimbursement Arrangements (ICRAs). The committee took proponent testimony; no vote was recorded.
The House Ways and Means Committee took proponent testimony on House Bill 133, which would create a nonrefundable tax credit for small employers that offer an Individual Coverage Health Reimbursement Arrangement, or ICRA.
Witnesses from payers, trade groups and platform vendors told the committee the credit would incentivize employers with between 2 and 50 employees to contribute defined amounts (the bill’s baseline example cited $400 per covered employee) to employee accounts that reimburse premiums and qualified medical expenses.…
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