All Information (Except Text) for S.1697 - Small Business Healthcare Relief Act114th Congress (2015-2016)
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 06/25/2015)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/18/2016 Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-675. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
Small Business Healthcare Relief Act
Official Titles - Senate
Official Titles as Introduced
A bill to provide an exception from certain group health plan requirements to allow small businesses to use pre-tax dollars to assist employees in the purchase of policies in the individual health insurance market, and for other purposes.
Actions Overview (1)
|06/25/2015||Introduced in Senate|
06/25/2015 Introduced in Senate
All Actions (2)
|05/18/2016||Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-675.|
Action By: Committee on Small Business and Entrepreneurship
|06/25/2015||Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4652)|
Action By: Senate
05/18/2016 Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-675.
06/25/2015 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4652)
|Sen. Heitkamp, Heidi [D-ND]*||06/25/2015|
|Sen. Johnson, Ron [R-WI]||12/10/2015|
|Sen. Ayotte, Kelly [R-NH]||12/10/2015|
|Sen. Rubio, Marco [R-FL]||12/10/2015|
|Sen. Isakson, Johnny [R-GA]||12/10/2015|
|Sen. Murkowski, Lisa [R-AK]||12/10/2015|
|Sen. Roberts, Pat [R-KS]||12/10/2015|
|Sen. Vitter, David [R-LA]||12/10/2015|
|Sen. Portman, Rob [R-OH]||12/10/2015|
|Sen. Tester, Jon [D-MT]||12/15/2015|
|Sen. Bennet, Michael F. [D-CO]||12/17/2015|
|Sen. Coons, Christopher A. [D-DE]||01/11/2016|
|Sen. Hoeven, John [R-ND]||02/25/2016|
|Sen. Gardner, Cory [R-CO]||04/13/2016|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||06/25/2015||Referred to|
|Senate Small Business and Entrepreneurship||05/18/2016||Hearings by|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (06/25/2015)
Small Business Healthcare Relief Act
This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to allow an employer with fewer than 50 employees that does not offer group health insurance coverage to establish a health reimbursement arrangement. Under the arrangement, funds contributed by an employer are excluded from the employer's taxable income and are used to pay or reimburse employees for medical care expenses, including premiums for individual health insurance coverage or Medicare supplemental insurance.
Such a reimbursement arrangement: (1) must not pay premiums for an employee covered by a family member's coverage, (2) must be offered to all eligible employees on the same terms and may only vary based on the number of individuals covered, and (3) is not required to provide continuation coverage.
Employer contributions to a reimbursement arrangement are not included in an employee's gross income if the employee was covered by the reimbursement arrangement for more than nine months of the year. Employees covered for less than nine months have a percentage of employer contributions included in their gross income, with exceptions.
An employee offered affordable individual health insurance coverage under a reimbursement arrangement is not eligible for a premium assistance tax credit.
Employers must report contributions to a reimbursement arrangement on their employees' W-2.This bill amends the Public Health Service Act to exempt reimbursement arrangements from requirements for health insurance coverage. Insurance offered under a reimbursement arrangement remains subject to the requirements.