Tag: ICHRA
-
What Is ICHRA Group Health Insurance?
—
by
An Individual Coverage Health Reimbursement Arrangement (ICHRA) is not an insurance policy itself, but an employer-funded reimbursement mechanism that was established in 2020. Employers set a fixed amount of pre-tax dollars for employees to use toward individual health insurance premiums or qualified medical expenses. Employees must purchase their coverage on the individual market—through state or…