Individual Coverage Health Reimbursement Arrangements (ICHRA)
?qlt=85&ts=1786103868835&dpr=off)
Individual Coverage Health Reimbursement Arrangements
An Individual Coverage Health Reimbursement Arrangement (ICHRA) gives employers a modern way to offer health benefits—without sponsoring a traditional group health plan. Instead, you set a defined allowance, and employees choose individual health coverage that works for them.
An ICHRA may be a strong option for employers who:
- Are offering benefits for the first time
- Want predictable health benefit costs
- Have participation challenges with group plans
- Need flexibility for a diverse workforce
- Prefer a modern, employee‑driven benefit approach
What sets ICHRA apart
Is an ICHRA right for your business?
- Are you interested in offering benefits but not sure where to start?
- Do you want to save money on their health insurance costs?
- Have you had trouble meeting participation requirements on traditional group plans?
- Are you interested in tax savings opportunities?
- Do you have employees who prefer to choose their own health plan?
If you answered yes to any of these questions, an ICHRA might be an option for your business.
