Small Business Flexibility Act
- Last Action
- 6/12/2023
Actions
- 2023-06-12Placed on the Union Calendar, Calendar No. 82.
- 2023-06-12Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-106.
- 2023-06-12Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-106.
- 2023-06-07Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 3.
- 2023-06-07Committee Consideration and Mark-up Session Held
- 2023-06-05Referred to the House Committee on Ways and Means.
- 2023-06-05Introduced in House
- 2023-06-05Introduced in House
CRS Summary
As of 2023-06-12 (07)
Small Business Flexibility Act
This bill requires the Internal Revenue Service to notify employers, particularly small businesses, about the availability of individual coverage health reimbursement arrangements (ICHRAs), qualified small employer health reimbursement arrangements (QSEHRAs), and the small business health care tax credit.
Under ICHRAs, employers agree to reimburse employees for incurred medical expenses up to a limit for a specified period (e.g., a calendar year), and employees obtain their own individual coverage that meets certain requirements of the Patient Protection and Affordable Care Act (coverage of preventive services and no annual or lifetime limits). QSEHRAs are available to employers with fewer than 50 full-time employees. The small business health care tax credit is available to employers with fewer than 25 full-time employees.
Subjects
- Employee benefits and pensions
- Health care costs and insurance
- Health care coverage and access
- Small business
Sourced from Congress.gov (public domain).
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