Small-business owners are calling for reforms in healthcare policies to address rising costs and improve accessibility to health insurance, which are critical to attracting and retaining talent. With small businesses facing financial pressures, experts recommend policy changes such as HRA reforms, expanded access to level-funded plans, and improvements to the ACA’s SHOP tax credit. Click here for article.
Healthcare Costs as Top Concern: Small-business owners rank rising healthcare costs as their biggest policy issue, with two-thirds urging action from the next presidential administration.
HRA Reform: Revisions to Health Reimbursement Arrangements (HRAs) are needed to prevent tax credit losses for employees and make the benefits more appealing to both employers and workers.
Level-Funded Plans: Expanding access to level-funded health plans, which have grown in popularity, can offer more affordable options for small businesses, though state-level regulations limit their availability.
SHOP Tax Credit Improvements: Adjustments to the ACA’s SHOP tax credit program would make it easier for small businesses to qualify and extend its benefits beyond the current two-year limit, reducing premiums for small employers.
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