Small Employers Rejoice – You Can Now Reimburse For Health Insurance again!January 4, 2017
IRS Launches New Online Tool To Assist TaxpayersMarch 9, 2017
On January 23, Senators Bill Cassidy, MD (R-LA), Susan Collins (R-ME), Shelley Moore Capito (R-WV), and Johnny Isakson (R-GA) released legislative text for the “Patient Freedom Act of 2017,” a replacement plan for the Affordable Care Act (ACA, i.e., Obamacare). The bill would repeal the individual and employer mandate and other ACA provisions, but allow States to either (a) elect to retain ACA provisions (with federal assistance), or (b) chose one of two alternatives: either adopt a market-based health insurance system under which Roth Health Savings Accounts are created for residents enrolled in qualified health plans (with federal assistance), or design and regulate insurance markets for their specific needs (without any federal assistance). The lawmakers said this was not intended as a final bill, but rather a starting point for discussions around repealing the ACA.
We will keep you posted as things develop.