An individual coverage health reimbursement arrangement (ICHRA) is a new type of health reimbursement arrangement, available as of 2020, in which employers of any size can reimburse employees for some or all of the premiums that the employees pay for health insurance that they purchase on their own.
How is it better than QSEHRA?
- No employer size limit
- No contribution limit
- Has the flexibility to strategize to avoid offset by the Premium Tax Credit
- Can vary terms by employee classes
- Can offer group dental & vision
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