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Under the rule, employers will be able to provide their workers with tax-preferred funds to pay for the cost of health insurance coverage.....
Tax-PREFERRED? Or, tax-deferred???
He could start with one simple thing. Very simple. Allow everyone to deduct the cost of health care just like companies, self-employed and corporations do. To exclude the deduction by individuals is just wrong.
The preexisting condition rider should included for the next two years, say, to cover people who are sick now. But within two years everyone needs to get health insurance, not wait, then when they get sick, then suddenly they want insurance.
The whole concept of insurance, health, fire, car or any other insurance is that you pay it whether or not you need to use it at the time, it creates sufficient funds for the insurance company, so they can pay medical or other expenses for the unfortunate few, who need it.
You couldn’t go without fire insurance, wait until your house burns down and demand an insurance company pay you.
This is a valuable option for very small/startup businesses.
Hoipefully, HSA contribution limits will be raised. It would be great if health insurance premiums could be paid from HSA’s.