About
An individual coverage HRA (ICHRA) is a formal group health plan that allows organizations of all sizes to reimburse their employees, tax-free, for their individual health insurance premiums and potentially other qualifying medical expenses.
For an applicable large employer (ALE) who needs to satisfy the Affordable Care Act’s employer mandate, an ICHRA is a great solution. Whether you choose to offer your ICHRA as a stand-alone benefit to all your employees or as a separate benefit for your employees who don’t qualify for your group health insurance coverage (such as remote employees in states beyond your main office, or part-time employees) an ICHRA benefit meets the requirements of the mandate.
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