Employers Are Cautiously Studying Move to ICHRAs

Health care industry insiders say that employers of all sizes are beginning to take a serious look at moving some of their health benefits to Individual Coverage Health Reimbursement Arrangements (ICHRAs) starting in 2022. However, ICHRAs face a somewhat uncertain future with the incoming Biden administration, and some experts aren’t convinced that they presently offer plan sponsors enough value to entice large numbers of firms to move away from traditional employer-sponsored insurance plans.

In July 2019, the Trump administration finalized new regulations for ICHRAs, giving employers greater flexibility to reimburse qualifying employees for buying their own health insurance policies (HPW 7/1/19, p. 1). According to HealthCare.gov, employers can “offer certain types of employees a traditional group health plan and other types of employees an individual coverage HRA,” but “can’t offer the same type of employees a choice between a traditional group health plan and an individual coverage HRA.”

0 Comments
© 2022 MMIT
Peter Johnson

Peter Johnson

Peter has been a reporter for nearly a decade. Before joining AIS Health, Peter covered a wide variety of topics in his hometown of Seattle, where he continues to live. Peter’s work has appeared in publications including The Atlantic and The Stranger. Peter attended Colby College.

Related Posts

worried-man-with-ipad
May 13

Insurers Are Helping Patients, Providers Deal With Medical Debt

READ MORE
mom-holding-a-baby
May 13

Medicaid Plans Get Ready for Yearlong Postpartum Care

READ MORE
stock
May 13

Cigna Eases Investor Fears With Better Medical Cost, Membership

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today