Business Community Rallies Around Health Care Fix

Filed in Advocacy by on July 14, 2015 0 Comments

stethescopeNAHB and 15 other major organizations sent a joint letter to House and Senate lawmakers on July 13 urging Congress to move swiftly to pass bipartisan legislation pending in both chambers that will help small businesses provide health care for their employees.

The Small Business Healthcare Relief Act, introduced in the House (H.R. 2911) by Reps. Charles Boustany (R-La.) and Mike Thompson (D-Calif.), and in the Senate (S. 1697) by Sens. Charles Grassley (R-Iowa) and Heidi Heitkamp (D-N.D.), would allow small businesses to provide Health Reimbursement Arrangements (HRAs) to employees with health insurance.

These HRAs allow businesses to offer pre-tax dollars to insured employees to help pay premiums and/or other out-of-pocket costs associated with medical care and services.

Under the Affordable Care Act, stand-alone HRAs are no longer allowed. As of July 1, all employers – regardless of size – could face fines of $100 per day per employee if they offer HRAs to their employees. Over the course of a year, that $36,500 per employee and up to $500,000 in total.

The letter called on Congress to “move swiftly to pass this vital legislation so that more small employers can help their workers defray the high cost of insurance premiums and/or other out-of-pocket medical expenses.”

NAHB Third Vice Chairman Randy Noel, a home builder from LaPlace, La., appeared on the Fox Business Network yesterday to discuss this issue. View his  interview on the Fox Business Network’s show “Cavuto Coast to Coast” with hosts Gerri Willis and Charles Payne.

For more information, email Suzanne Beall at NAHB or call her at 800-368-5242 x8407.

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