What is ICHRA?

An individual coverage HRA (ICHRA) is a health benefit for employers of all sizes. With an ICHRA, organizations can reimburse employees tax-free for individual health insurance premiums and other medical expenses.
It can function as a stand-alone benefit or as a separate option in an organization’s health benefits program, alongside group health insurance.
An individual coverage HRA (ICHRA) is a formal group health plan that allows organizations of all sizes to reimburse their employees, tax-free, for their individual health insurance premiums and potentially other qualifying medical expenses.
For an applicable large employer (ALE) who needs to satisfy the Affordable Care Act’s employer mandate, an ICHRA is a great solution. Whether you choose to offer your ICHRA as a stand-alone benefit to all your employees or as a separate benefit for your employees who don’t qualify for your group health insurance coverage (such as remote employees in states beyond your main office, or part-time employees) an ICHRA benefit meets the requirements of the mandate.
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