Posted on 06/18/2019 10:17:37 AM PDT by bitt
"The next major priority for me, and for all of us, should be to lower the cost of healthcare and prescription drugs, and to protect patients with preexisting conditions." President Donald J. Trump
OFFERING WORKERS BETTER COVERAGE: President Donald J. Trump is expanding Health Reimbursement Arrangements (HRAs), opening new coverage options for American workers.
The Trump Administration has finalized a rule to expand HRAs, giving businesses a better way to offer health insurance coverage.
Under the rule, employers will be able to provide their workers with tax-preferred funds to pay for the cost of health insurance coverage that workers purchase in the individual market.
This rule will particularly benefit small businesses that face significant costs in offering a traditional group health plan and businesses that do not currently offer coverage.
The rule corrects a major distortion by, in effect, providing the same tax benefits to these new HRAs that are provided today to traditional employer-sponsored plans.
The Administration expects that 800,000 employers will offer these new HRAs to more than 11 million employees and family members once employers fully adjust to the rule.
more..
(Excerpt) Read more at whitehouse.gov ...
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Under the rule, employers will be able to provide their workers with tax-preferred funds to pay for the cost of health insurance coverage.....
Tax-PREFERRED? Or, tax-deferred???
He could start with one simple thing. Very simple. Allow everyone to deduct the cost of health care just like companies, self-employed and corporations do. To exclude the deduction by individuals is just wrong.
I wouldn’t be surprised if he gets around to that.
One bite at a time.
Right now, we have half of the country (mind-numbed libs) who want ‘Free healthcare for all’.....they were recently surveyed....and, half didn’t even realize that this FREE HC 4 ALL means ripping away their private coverage (you know, where they can like see whichever doc they prefer.) Idiots.
The preexisting condition rider should included for the next two years, say, to cover people who are sick now. But within two years everyone needs to get health insurance, not wait, then when they get sick, then suddenly they want insurance.
The whole concept of insurance, health, fire, car or any other insurance is that you pay it whether or not you need to use it at the time, it creates sufficient funds for the insurance company, so they can pay medical or other expenses for the unfortunate few, who need it.
You couldn’t go without fire insurance, wait until your house burns down and demand an insurance company pay you.
Two-Thirds Of Dems Think They’d Be Able To Keep Their Current Insurance After Medicare For All
http://www.freerepublic.com/focus/f-news/3757784/posts
Idiots!!
This is a valuable option for very small/startup businesses.
Let’s face it. The whole concept of health “insurance” is DEAD anyway.
The country has basically decided, for better or worse, that health care is a “right”. Polling I have seen on the preexisting conditions ban shows approval north of 80%, across BOTH parties.
Remember how W got his head handed to him when he proposed to reform Social Security? THAT is what will happen to ANY politician who lays a glove on preexisting conditions.
Sorry to break that to you but it’s political reality.
As long as the funds go to paying eligible healthcare expenses, it tax free. If you use it for something else you pay income tax plus a 20% penalty.
The ‘pre exisiting condition’ is a multifaceted beast.
My story: worked for major employer for 22 years. I have diabetes, managed with diet and exercise.
I was laid off at the age of 50.
So I found myself uninsured, with a ‘pre existing’ condition, even though I’d played the game by the rules.
I shall regard anyone defending a denial of myself or someone in that situation exactly like I would a robber, rapist or carjacker, the only question is what caliber I should shoot them with and should it be so that they die fast, or slow.
I have zero sympathy for fat, smoking slobs who don’t take care of themselves (I run, lift and don’t smoke, and do the other things any responsible adult does), and/or people who have never played by the rules until the NEED healthcare, but if someone is trying to tell me that being uninsured with a pre-existing condition is (was, am employed now, of course) *MY* fault? I’d be perfectly justified in beating them half to death with a meat tenderizer and then setting them on fire.
Yes....I realize that.
I am questioning the use of the term *tax-preferred* vs tax-deferred...which is what you just described.
Your story is no doubt a major reason why the public seems to have come to this consensus.
I am guilty of not reading the article. I am not up to date on the employer side of things. Obviously, the employer gets some kind of tax break for making the contribution. Once they make the contribution, they no longer have control how the employee spends the money. That is why there is a penalty for using the funds for ineligible expenses.
Hoipefully, HSA contribution limits will be raised. It would be great if health insurance premiums could be paid from HSA’s.
Hehe, might be an important difference.
>Tax-PREFERRED? Or, tax-deferred???
Being on FR, I would have thought the 1st question would have been: EMPLOYERS?? Why aren’t the users (ie: employees) given the same tax advantages DIRECTLY?
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One bite at a time.
Right now, we have half of the country (mind-numbed libs) who want ‘Free healthcare for all’.....they were recently surveyed....and, half didn’t even realize that this FREE HC 4 ALL means ripping away their private coverage (you know, where they can like see whichever doc they prefer.) Idiots.
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One bite @ a time == NEVER going to happen. Just look how O’Care ‘shifted’: “it’s wrong” (NEVER was it argued it wasn’t Constitutional/non-A1S8), then went to “repeal” > “repeal and REPLACE” > “we can run it better” (the NEW motto of the (R)N(C)).
As for the ‘idiots’, you can lay that directly @ the feet of the (R)N(C). Aside from *crickets*, they’ve done ZERO to counter the Left; merely bent over.
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The preexisting condition rider should included for the next two years, say, to cover people who are sick now. But within two years everyone needs to get health insurance, not wait, then when they get sick, then suddenly they want insurance.
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Then you’re not talking ‘insurance’ (mitigate the UNKNOWN). And, sorry, but it’s there for 2-yrs, it’ll be there forever.
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