President Donald Trump plans to sign an executive order in the coming week that will roll back certain insurance rules established by the Obama administration's Affordable Care Act, The Wall Street Journal reported Oct. 7, citing a senior administration official.

The executive order will direct federal agencies to find ways to expand insurance options for Americans with the goal of lowering premiums, according to the report.

Specifically, the directive calls on the departments of Health and Human Services, Labor and Treasury to pursue steps that would allow Americans who buy their own insurance or work for small businesses to be insured through "association health plans," the official told the WSJ. Association health plans would have some of the benefits of a large employer's plans, but would not be subject to certain Affordable Care Act restrictions, making them more flexible and potentially lowering premiums.

As part of the effort to expand insurance options, the executive order will also direct agencies to roll back an Obama-era measure that restricted access to "short-term medical insurance" plans, the official told the WSJ. The Obama administration banned the sale of short-term plans lasting more than 90 days, but the Trump order would pave the way for Americans to use such plans for up to one year.

The order will also call for expanded use of health reimbursement accounts, enabling Americans to use pretax employer dollars to purchase health insurance on the individual market, which was previously not allowed under an Obama-era rule issued in 2013, according to the report.