Beginning January 1, 2020, employers of all sizes have a new health insurance option: the "Individual Coverage HRA" (ICHRA). With an ICHRA, employees have the freedom to choose the plan that works for them instead of a plan that their employer selects for them. It is an alternative to choosing one expensive policy for all employees. The employers can now offer their employees a monthly allowance of tax-free money. Employees then buy the health care products and services they want to fit their needs, and the employer reimburses them up to their allowance amount. This model gives employers complete control over their costs by choosing allowance amounts that fit within their budget offering the best options for their employees. The following questions will be answered and more. - What exactly is an ICHRA? - How does an ICHRA work? - Is an ICHRA right for my organization? - How does an ICHRA benefit employees? - Compliance? - How would you set up an ICHRA? - How do you manage an ICHRA?
Thursday May 27, 2021
11:00 AM - 12:00 PM CDT
5/27/2021 Thursday 11am - 12pm
Free
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