The Health Reimbursement Arrangements Council held its first meeting May 21, according to Think Advisor.
Members of the Washington-based nonprofit coalition, which include Centene, Oscar Health, Common Ground Health Cooperative and Blue Cross Blue Shield of Minnesota among others, will work to develop health reimbursement arrangement standards and regulations, the article said.
Ken Janda, former chief executive officer of Community Health Choice, is the council's interim CEO.
"As a health insurer, we're seeing more and more interest from employers in offering HRAs to their employees," Common Ground CEO Cathy Mahaffey said in a statement to the publication. "HRAs give employers more control over their costs and allow them to hand over the purchasing decisions to their employees."