OH HB133

Creates a nonrefundable income tax credit of $400 per employee for small employers (2-50 employees) that offer an Individual Coverage Health Reimbursement Arrangement (ICHRA) and contribute at least $400 per employee annually to that arrangement

Prohibits insurance agents and brokers from steering individuals away from employer-provided health insurance to individual plans, including offering financial incentives to not enroll in or to terminate employer-provided coverage

Establishes civil penalties of up to $25,000 per violation plus administrative costs for violations of the anti-steering provisions

Allows insurers to provide information about ICHRAs and assist employers in establishing compliant arrangements without violating the anti-steering rules

Applies to taxable years ending on or after the effective date of the act