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Committee Hears Support for Tax Credit to Help Small Employers Offer ICRA Health Benefits
Summary
Proponents told the House Ways and Means Committee that a refundable tax credit for employers offering individual coverage health reimbursement arrangements (ICRAs) could make coverage affordable for small firms and expand employee choice; witnesses included Oscar Health, NFIB, and several ICRA platform providers.
The House Ways and Means Committee held a second hearing on House Bill 133, which would create a nonrefundable tax credit for small employers that offer an individual coverage health reimbursement arrangement (ICRA) and contribute at least $400 per covered employee.
Kathy (Catherine) Grayson of Oscar Health, speaking for the bill’s proponents, described ICRAs as a defined contribution model that lets employers steer money to employees to shop on the individual market. "Oscar believes that every Ohioan deserves a choice of high quality affordable health care, and we think that this bill goes a long way towards this objective," Grayson said. She told the committee Ohio has roughly 90,000…
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