What HB 1110 does: Creates a state tax credit for small employers (10 or fewer employees) that contribute at least $100 per month toward employees’ individual health insurance through an Individual Coverage Health Reimbursement Arrangement (ICHRA).
Consumer impact: Many small businesses want to help workers with health coverage, but can’t afford traditional group plans. ICHRAs let employers contribute to employees’ individual health insurance costs. HB 1110 would make that approach more affordable for the smallest businesses. ICHRAs can negate and/or complicate an employee’s eligibility for financial assistance under the Affordable Care Act; the specifics of each employer’s ICHRA matter a lot to the actual financial impact on employees.