An Individual Coverage Health Reimbursement Arrangement (ICHRA) allows employers of any size to reimburse employees for individual health insurance premiums and qualified medical expenses tax-free. Unlike QSEHRA, there is no annual limit for ICHRA. Employers can vary the benefit amount by employee class.
Key Points
- ICHRA: employers reimburse employees for individual health insurance premiums
- Available to employers of any size (unlike QSEHRA)
- No annual limit
- Employers can vary benefit amount by employee class
- An independent agent can help you set up an ICHRA