What are Individual Coverage Health and Reimbursement Arrangements (ICHRA)?
Individual Coverage Health Reimbursement Arrangements (ICHRA) are employer-funded programs that allow businesses to reimburse employees for individual health insurance premiums and other qualified medical expenses. Unlike traditional group health plans, ICHRAs provide employees with the flexibility to purchase their own health insurance plans on the individual marketplace, while receiving tax-free reimbursements for eligible costs.