Individual Coverage HRA (ICHRA)
Get Reimbursed by your Employer for your Healthcare Premiums with an ICHRA
An ICHRA allows your Employer to reimburse you for some or all of your monthly individual coverage premiums and (optionally) your medical expenses. These reimbursements are non-taxable to you!
This page explains the ICHRA for employees who have not yet enrolled. Click here if you have already enrolled and want to know how to use your Plan.
Get the Coverage that Works for You!
Unlike an Employer sponsored Group Health Plan with a “one-size-fits-all” approach, an ICHRA allows you to purchase insurance that works for you and get reimbursed tax-free.
The ICHRA can be used for the following premiums:
Eligible Premiums
- Marketplace health insurance coverage
- Off-exchange coverage
- Medicare (parts A, B, or C)
- Spouse’s individual health plan
Ineligible Premiums
- Spouse’s Group Health Plan
Your Employer will provide a monthly deposit to your ICHRA that you can use to get reimbursed for eligible premiums. Optionally, your Employer may allow the ICHRA to reimburse your medical expenses with any remaining balance.
How to Enroll
Your Employer will provide you with an ICHRA Notice that provides specifics for your plan. Check with your Employer to determine if you must enroll separately or if you are automatically enrolled in the ICHRA.
Note that the ICHRA may impact your eligibility for the Premium Tax Credit.
