Lexology February 23, 2024
Employers that sponsor traditional group health insurance plans have likely encountered the continued rising cost of employer-sponsored health insurance. Alternatively, some employers may not offer group health insurance to their employees but do want to provide a benefit that can help their workforce pay for the cost of individual health insurance. Employers in either situation should be aware of a potential alternative to offering group health insurance. A popular alternative is a benefit known as an individual coverage health reimbursement arrangement, otherwise known as an individual coverage HRA, which can be used to reimburse employees for the cost of individual health insurance. This Article is intended to provide a brief overview of individual coverage HRAs, the benefits of individual coverage...
Today's Sponsors
Today's Sponsor