What is ICHRA? | Flexible Benefits Solutions | ADP An ICHRA is a modern type of employer-sponsored health benefit It allows businesses of all sizes to provide tax-free reimbursements to employees for individual health insurance premiums and other qualified medical expenses
Individual coverage Health Reimbursement Arrangements The individual coverage Health Reimbursement Arrangement (also known as an HRA) is a way for employers to provide tax-free reimbursements to employees for qualified medical expenses up to a set annual amount, including monthly premiums and out-of-pocket costs, without offering traditional group health coverage
ICHRA explained: How it works, benefits, and why employees like it With ICHRA, your employer gives you money each month to help pay for your own health insurance plan Instead of being limited to just one or two company-selected options, you can shop on the Affordable Care Act (ACA) marketplace or purchase coverage directly from insurance companies
ICHRA Guide for Individual Coverage HRAs 2026 - Take Command Health An ICHRA is a type of account-based healthcare plan that allows employers to reimburse employees for individual health insurance premiums and qualified medical expenses tax-free How does an ICHRA work? The way ICHRA works is super simple
Explaining Individual Coverage Health Reimbursement Arrangements . . . An ICHRA is one of two types of HRAs that can be used to reimburse employees with tax-advantaged dollars for the cost of premiums for individual health insurance coverage It is the more flexible option and is available to any employer