OMB Clears HRA Rule, Stakeholders Watch For Implementation Date

The White House has finished reviewing a regulation proposed by HHS, Treasury and Labor in October that would allow employees to purchase individual coverage with an employer-funded health reimbursement account (HRA), and stakeholders are waiting to see whether CMS implements the rule for the 2020 plan year, as proposed, and lets HRAs be used for short-term plans. The rule proposed last October called for letting employers fund an “excepted benefit” HRA with up to $1,800 for the purchase of ancillary...