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Committee hears broad proponent testimony for ICRA tax-credit bill aimed at small employers
Summary
Proponents including Oscar Health, NFIB, and platform providers urged passage of House Bill 133, which would create a nonrefundable tax credit up to $400 per covered employee to encourage small employers to offer individual coverage health reimbursement arrangements (ICRAs).
The House Ways and Means Committee heard multiple proponent witnesses in favor of House Bill 133, which would create a state tax credit to encourage small employers to offer individual coverage health reimbursement arrangements, commonly called ICRAs.
Kathy Grayson, who represented Oscar Health, told the panel that ICRAs let small employers offer a defined employer contribution so employees can shop for individual-market plans that better match their needs. “By providing a defined contribution to their employees, the employees can go shop,” Grayson said. She said Ohio would join several other states…
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