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New Health Plan Solutions for Small Businesses
An individual coverage health reimbursement arrangement (ICHRA) is a reimbursement model that offers flexibility to employers of all sizes. ICHRAs are fully funded with tax-free contributions by the employer to refund employees for certain medical expenses.
Employees can use ICHRA funds to pay health insurance premiums.
It’s a way for employers to reimburse their employees for insurance rather than buying it for them.
An ICHRA offers:
Lower-cost options for the employer and employee.
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