Employees will benefit from new HRA regulations, which permit employers who offer traditional health plans to provide an excepted benefit HRA of up to $1,800 per year. (Photo: Shutterstock)
The three rulings resulting from a 2017 executive order will have a significant impact on the health care market by providing businesses and employees with additional health insurance options. These changes should be a catalyst for employers to review benefits programs as part of total employee compensation and consider optimizing health benefits to attract and retain employees.
Employers are tired of the merry-go-round approach. Whether a medical or ancillary benefit renewal, employee compensation reviews or payments for 401(k) matches, for employers to achieve optimal programs that meet their needs and those of employees, they need to do something different.
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