MedCity News January 26, 2025
ICHRAs are gaining a lot of interest in healthcare. Some say they are beneficial because they give employees more choice in their health insurance, while others are more skeptical.
ICHRA — Individual Coverage Health Reimbursement Arrangement — seems to be the new buzzword of 2025.
ICHRAs allow employers to provide their employees pre-tax dollars to cover the cost of individual health insurance premiums and qualified medical expenses. They were created under the first Trump administration in 2019 and became available in 2020. According to the HRA Council — an advocacy organization for Health Reimbursement Arrangement administrators and more — ICHRA adoption rose 29% between 2023 and 2024 among the organization’s members (though it’s difficult to say for sure how...
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