The Individual Coverage HRA (ICHRA)
In simplest terms, ICHRA is just another way to offer health insurance to your employees.
ICHRA allows businesses of any size, the alternative to offer employees a monthly allowance of tax-free money, just like traditional health insurance programs.
All Size Employers
From small groups (2+) to larger corporate entities, ICHRA's control cost while allowing employees a choice in their health care benefits.
Employers may choose to cover everyone with ICHRA or just a class of employees.
Employers have multiple contribution options plus a variety of funding arrangements to meet any budget.
Not only does ICHRA provide flexibility in how much a business chooses to spend,
it also allows for different levels of contribution.
An employer sets a defined contribution amount and provides pre-tax funds the employees can use to help purchase individual health insurance.
Employees choose their individual health plan add their own pre-tax money (if necessary) and have an incentive to engage in their health.