The Most Significant Change to
Health Care Benefits in Decades is Here

For thousands of employers, offering health benefits to their employees has felt out of reach.
That all changes in January 2020, when the Individual Coverage Health Reimbursement
Arrangement (ICHRA) becomes available to businesses and organizations of all sizes.

What’s ICHRA?

In simplest terms, ICHRA is a federal ruling which allows businesses the option to offer employees
a monthly allowance of tax-free money to buy health insurance that fits their unique needs.
Along with provisions for out of pocket health insurance expenses, ICHRA also directly
addresses ACA compliance for employers with more than 50 employees.

ICHRA DEFINED

Challenges Facing Employers Today:

Health insurance costs are skyrocketing and out-of-control
Employee attraction and retention in a competitive job market
ACA non-compliance is leaving employers exposed to significant fines
ACA mandates for large employers are eroding employee compensation
“One-size-fits-all” group insurance plans aren’t meeting employee needs

Benefits of ICHRA for Employers

Flexibility

Employers can offer levels of benefit per employee class

Attraction/Retention

ICHRA allows employees to choose a health plan tailored to their specific needs

Controlled Costs & Risk

ICHRA allows employers to take control of the insurance spending, contributions, and risk

ACA Compliance

ICHRA plans meet the standards of Minimum Essential Coverage, Minimum Value, and Affordability

Tax Efficiency

ICHRA helps employees pay for their individual health insurance premiums tax-free, not impacting their taxable income

Administration

With a benefits administrator, ICHRA eliminates businesses working between insurance companies and employees

EXPLORE THE BENEFITS

ICHRA – Transforming how businesses provide
health care benefits to their employees.

How ICHRA Works

Once an employee’s insurance premium or out-of-pocket expenses are approved, the business reimburses
them up to their allowance amount. It’s that simple, and can satisfy all ACA mandates for large businesses.

How it works

Where ICHRA Came From

For years, HRAs had been a popular solution for businesses who wanted to reimburse their employees’ healthcare expenses. The Affordable Care Act (ACA) changed that, significantly limiting a business’s ability to offer HRAs for individual policies.

In 2017, an Executive Order was issued directing the Departments of Treasury, Health and Human Services, and Labor to expand business’ use of HRAs once again. In June of 2019, new rules were released, establishing ICHRA as an option for 2020.

ICHRA Is Different Than An HRA

ICHRA is different than a traditional HRA for two reasons. First, an ICHRA can reimburse
individual insurance premiums, whereas an HRA cannot. Second, an ICHRA works with
individual insurance plans, while an HRA can only be used with a group health plan.

FREQUENTLY ASKED QUESTIONS

ICHRA is a GAMECHANGER for
businesses and organizations
just like yours.

Have additional questions about ICHRA?

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