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Committee hears proponents of tax credit to encourage individual HRA use by small employers
Summary
At a second hearing on House Bill 133, health insurers, small‑business advocates and vendors urged lawmakers to create a nonrefundable tax credit to encourage small employers to offer Individual Coverage Health Reimbursement Arrangements (ICRAs), citing employer affordability and expanded employee choice.
The Ohio 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 individual coverage Health Reimbursement Arrangements (ICRAs). Supporters including Kathy Grayson of Oscar Health, Cameron Garsick of the National Federation of Independent Business (NFIB), and several vendors and brokers testified in favor.
Kathy Grayson of Oscar Health described ICRAs as a defined‑contribution approach in which an employer pays a set amount for employees to buy individual market coverage. “By putting in place a tax…
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