The individual coverage health reimbursement arrangement (ICHRA) allows employers to reimburse employees tax-free for health plan premiums and qualified out-of-pocket expenses. Employees must be enrolled in an individual health insurance plan (on- or off-Exchange) or Medicare to be an eligible participant under the ICHRA. Flex is here to help you and your clients with the benefits administration of the plan, as well as the individual health sale.
Applicable large employers can satisfy the Employer Mandate requirements by offering an ICHRA.
However, an ICHRA may disqualify an individual for subsidy eligibility.