If you offer ICHRA Plans, it's essential to know that they fall under the Self-funded Group Health plans category, which triggers IRS reporting obligations, regardless of your company's size. The IRS is intensifying ACA [...]
In the dynamic landscape of employee benefits, small businesses often seek flexible and cost-effective options to provide healthcare coverage for their employees. Individual Coverage Health Reimbursement Arrangements (ICHRA) and Qualified Small Employer Health Reimbursement Arrangements [...]
Open enrollment for health benefits is fast approaching, and with some decisions still up in the air, the Individual Coverage HRA (ICHRA) is a great option employers of all sizes should consider. However, employees have [...]
ICHRA renewals have begun. Are you searching for an ICHRA provider or administrator to manage your healthcare plan? Or are you considering self-administering? ICHRA is a new benefit option that has various iterations of [...]
2019 was the year we all were introduced to an expansion ruling for Health Reimbursements Arrangements or HRA. Introducing Individual Coverage HRA plans, or ICHRAs, would be exciting and eye-opening for some, while others [...]
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 [...]
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 [...]