Healing Together Charity Fund Program
A Tax Favorable Qualified Employer Sponsored Individual Employee Health Plan (ICHRA)
What is an Employer Sponsored health insurance program? (ICHRA)
The Individual Coverage Health Reimbursement Arrangement (ICHRA) is an alternative to offering a traditional group health plan to your employees. It's also the newest standalone HRA that enables employers of all sizes to reimburse employees for health insurance tax-free.
ICHRA is part of an employer-based health benefits revolution and we couldn't agree more! It is a specific account-based health plan that allows employers to provide defined non-taxable reimbursements to employees for qualified medical expenses, including monthly premiums and out-of-pocket costs, like copayments and deductibles. Employees must be enrolled in individual health insurance coverage to use the funds.
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