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Committee Hears Proponents for Small‑Employer Tax Credit to Support Individual Coverage HRAs
Summary
The House Ways and Means Committee took testimony on House Bill 133, a proposal to create a nonrefundable tax credit for small employers that offer individual coverage health reimbursement arrangements, or ICRAs.
The House Ways and Means Committee took testimony on House Bill 133, a proposal to create a nonrefundable tax credit for small employers that offer individual coverage health reimbursement arrangements, or ICRAs.
Witnesses from insurers, small‑business advocates and technology platforms told the committee the measure would increase awareness and adoption of ICRAs and could expand coverage for employees of small firms.
Kathy Grayson of Oscar Health said Oscar serves nearly 90,000 Ohio members and described ICRAs as a tool that allows an employer to make a defined contribution that an employee uses to buy individual-market coverage: “By putting in place a tax credit, for…
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