PeopleKeep issues formal comments on proposed HRA regulations

Written by: Caitlin Bronson
Jan 3, 2019 9:00:00 AM

Salt Lake City, Utah – January 3, 2019 — PeopleKeep, the leader in personalized benefits for small businesses, issued formal commentary in December on proposed regulation from the Departments of the Treasury, Labor, and Health and Human Services designed to expand health reimbursement arrangements (HRAs).

The proposed rules, issued October 23, were designed to expand the availability and usability of HRAs. When enacted, they will create two new HRAs: the individual coverage HRA (ICHRA) and the excepted benefit HRA. The ICHRA would provide a new vehicle for all businesses to integrate an HRA with individual coverage, while the excepted-benefit HRA would function as a smaller HRA that works alongside group policies.

In the company’s comments, PeopleKeep leveraged its status in the HRA market to support the regulations as well as represent small business concerns through suggested changes.

Among other items, PeopleKeep comments on:

  • The desired ability for businesses to vary HRA offerings by job-based criteria, such as employee role

  • The desired ability for businesses to reimburse employees and dependents covered by a spouse’s group policy using the new ICHRA

  • The desired earlier implementation of all proposed regulations, apart from the new special enrollment period (which would go into effect on the proposed date of January 1, 2020)

PeopleKeep’s full comments are available on the Federal Register as well as here on the company blog.

Subscribe for updates on HRAs, including the Departments’ final rule expected during the first half of 2019.

Topics: Health Reimbursement Arrangement, HRA Compliance, Qualified Small Employer HRA

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