not to believe about ICHRAs
An alternative to traditional group health plans, ICHRAs let employers reimburse workers a set dollar amount to spend on the individual plan of their choosing.
It removes the pain point of renewals from the corporate HR equation and empowers employees to select healthcare coverage that best fits their personal needs.
But considering ICHRAs only came into effect in 2020, there are still myriad misconceptions about them. So let’s distill fact from fiction.