Employers increasingly turn to Individual Coverage Health Reimbursement Arrangement (ICHRA) as a flexible, cost-effective alternative to traditional group health insurance. ICHRA is a versatile benefit and can reimburse Individual Health Insurance Premiums. If the Employer [...]
Unlike other types of Health Reimbursement Arrangements (HRA)s, the Individual Coverage HRA (ICHRA) only allows certain types of health insurance plans to qualify for tax advantage reimbursement. If you're considering implementing an ICHRA Plan, [...]
The Indiana House Bill 1004 aims to aid small businesses in lessening their tax load by providing employer tax credits for HRAs in 2024. Businesses that meet the criteria can be given credit towards [...]
Whether you’re ordering pizza at the office or having it at home with family and friends, everyone always has their favorite combination. Half sausage, mushrooms, and olives… Half Canadian bacon and pineapple. Having it our [...]
The Individual Coverage Health Reimbursement Arrangement, or ICHRA, is the new regulation that is starting to get a lot of buzz. ICHRA is an employer-funded health benefit that is used to reimburse employees for individual [...]
By now you most likely remember the Employer Mandate, the ACA’s provision that applicable large employers (ALEs) must offer coverage to their employees and dependents that is affordable and provides minimum value. The Employer [...]
Say hello to the Individual Coverage Health Reimbursement Arrangement, or ICHRA, an employer-funded, tax-advantaged health benefit that is used to reimburse employees for individual health insurance premiums, and healthcare expenses. The ICHRA was finalized [...]
You’ve been waiting for it, and now it’s here. The federal government has issued a final ruling directly affecting how health benefits can be offered. The departments of Treasury, Health and Human Services and Labor [...]