Introduction to ICHRAs
Individual Coverage Health Reimbursement Arrangements (ICHRA) have emerged as a powerful tool for employers seeking to modernize their employee health benefits. By reimbursing individual health insurance premiums and approved medical expenses, ICHRAs provide a versatile alternative to traditional group policies. Unlike conventional coverage, ICHRAs place more choice in the hands of employees while capping employer costs. If you’re interested in offering ICHRA to employees, understanding the mechanics and benefits will be crucial as your workforce’s expectations shift… Read More