Last Updated on July 19, 2024 In recent years, Individual Coverage Health Reimbursement Arrangements (ICHRAs) have emerged as a flexible and customizable option for employers seeking to provide health benefits to their employees. According to a study done by the HRA Council, ICHRA adoption grew 29% year-over-year between 2023 to 2024. This innovative approach offers […]
Learn MoreAn individual coverage HRA (ICHRA) is similar to an HRA—it uses funds from your employer to help pay for certain medical expenses. However, there are some important features of ICHRAs that you should understand.
Learn MoreThe ICHRA provides employers a way to offer health care benefits to employees that do not count toward their taxable wages. The option also provides smaller employers a way to offer insurance without the administrative burden of offering a traditional medical plan.
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