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
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