Friday, August 1, 2025

ICHRA Explained in Under a Minute


What is an ICHRA? An ICHRA is an Individual Coverage Health Reimbursement Arrangement. It lets organizations reimburse employees tax-free for individual health insurance premiums and qualified medical expenses. Employers set a monthly allowance. Employees buy their own health insurance and submit expenses for reimbursement. The employer pays back approved expenses up to the allowance amount. Flexibility 1 Employees pick the plan that fits their needs. Tax Advantages 2 Reimbursements are tax-free for both employers and employees. Customization 3 Employers can offer different allowances to different employee groups. Want to learn more: Matt Boland 877-480-4325 www.mminsuranceagency.com #ICHRA#HealthBenefits#Healthcare#HealthInsurance#EmployeeBenefits

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