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August 2019: Executive Order on Health Costs to Affect Employer Health Plans

Business Insurance

 

Executive Order on Health Costs to Affect Employer Health Plans

President Donald Trump recently signed an executive order aimed at improving price and quality transparency in health care. The order is intended to increase availability of health care price and quality information and protect patients from surprise medical bills.
 
What’s in the Order?
Specifically, the order is aimed at:
  • Eliminating unnecessary barriers to price and quality transparency 
  • Increasing the availability of meaningful price and quality information for patients
  • Enhancing patients' control over their own health care resources, including through tax-preferred medical accounts
  • Protecting patients from surprise medical bills
 
Employer Impact
Within 120 days, the order directs the Treasury to issue guidance to expand access to high deductible health plans. Additionally, the order directs the Treasury to propose regulations within 180 days to: 
  • Treat expenses related to certain types of arrangements—potentially including direct primary care arrangements and health care sharing ministries—as eligible medical expenses
  • Increase the amount of funds that can carry over without penalty at the end of the year for flexible spending accounts
 
 
 
 

Additional articles from the August 2019 edition of the Univest Employee Benefits Newsletter:

  1. Why You Should Be Encouraging Employees to Use PTO
  2. Final Rule Expands Options for HRAs
  3. Retain Employees Through Training

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