Individual Coverage HRA – The Good, Bad & Ugly

SOURCE: Trucker Huss

“The chief advantage of offering an ICHRA as opposed to traditional employer-sponsored group health plan coverage is that it transfers much of the financial risk from the employer to the individual marketplace, thus allowing for more predictable costs for the employer from year to year…….

Offering an ICHRA will also result in employers giving up nearly all control regarding the kinds of health benefits they offer to their employees.”

Individual Coverage HRAs: Practicalities and Potential Pitfalls for Employers