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CMS highlights individual coverage HRAs as a tool to foster marketplace change
Summary
CMS told agents that individual coverage health reimbursement arrangements (HRAs) are one of the ways the agency is fostering change, opening potential opportunities for new plan options in the individual market.
Peter Nelson, deputy administrator at the Centers for Medicare & Medicaid Services (CMS), flagged individual coverage HRAs as an emerging market tool during the training.
"Individual coverage HRAs are 1 of the ways we are fostering change in the marketplace," Nelson said, pointing to HRAs as a mechanism to create opportunities to improve plan options and drive innovation in individual coverage. The training noted the market opportunity but did not provide program rules, eligibility criteria, or implementation dates; those were "not specified."
Nelson urged participants to explore the training materials to learn more about how HRAs might affect plan offerings and consumer choice.
