ICHRA - Individual Coverage Health Reimbursement Arrangements
WHAT IS AN ICHRA?
Individual coverage health reimbursement arrangements (ICHRAs) are tax-advantaged accounts funded with employer dollars that employees may use to pay for individual health care premiums.
employers who wish to offer a defined contribution for health insurance premiums for their employees
employers who cannot meet participation on a regular group health insurance plan
employers who want their employees to have a wide variety of plan options