Health reimbursement arrangements have been around for nearly two decades, providing a way for employers to fund health care expenses of employees and their dependents with tax-advantaged contributions. Now, Individual Coverage Health Reimbursement Arrangements (ICHRAs), have changed the way health insurance is delivered. The Treasury Department projected that ICHRAs would benefit 800,000 employers and more than 11 million people. ICHRAs also have the potential to expand coverage to 800,000 previously uninsured individuals.
But, ICHRAs are still in their infancy with many unknowns and challenges.
In this white paper, you’ll read insights from brokers, insurance providers, technology leaders, and regulatory experts about the key advantages and challenges companies may find by transitioning to an ICHRA, and what this means to the overall market adoption.