WASHINGTON, D.C., June 18 – AAHOA Vice Chairman Biran Patel joined other small business owners in standing with President Donald Trump during a Rose Garden announcement about the administration’s new rules governing health reimbursement arrangements (HRAs) on Friday, June 14. Patel and President Trump spoke briefly about the new health care options’ implications for hoteliers following his remarks.
“America’s hoteliers are grateful to the administration for creating more health care options that small business owners can offer to their employees,” said Patel. “The competitive labor market and the labor shortage affecting our industry mean that hoteliers must be more creative in assembling benefit packages to attract and retain employees. HRAs are yet another tool we can use to ensure our employees have access to affordable healthcare and that allows us to remain competitive in the benefits we offer. These new rules will allow hoteliers to focus more on business and on creating good jobs in their communities rather than managing and navigating complex bureaucratic health plans.”
The new rules make it easier for employers to use HRAs to help employees purchase plans under the Affordable Care Act. Small business owners can set aside pretax funds to assist their employees who purchase coverage from the exchanges.