An Individual Coverage Health Reimbursement Arrangement (ICHRA) allows employers to reimburse employees—tax-free—for eligible medical expenses, including premiums for individual health insurance plans and Medicare. ICHRAs provide an alternative to traditional group health insurance, offering employees the freedom to choose their own coverage while giving employers greater control over costs.
What You'll Learn in This 12-Minute Video
This video is a valuable resource if you're considering an ICHRA for your business. In just 12 minutes, we cover:
- How ICHRAs work, including key rules, regulations, and how Salusion applies them
- How to set up an ICHRA with Salusion—it’s quick and easy (think: 15 minutes)
- How to administer an ICHRA once it's in place
- How employees interact with and benefit from their ICHRA
Want to Dive Deeper?
For a more detailed explanation of ICHRA rules and regulations, visit our ICHRA Learning Center.
Sean Grettum
Not sure whether an ICHRA or a QSEHRA is right for your small business? We've got you covered—watch our ICHRA vs. QSEHRA comparison video for a side-by-side breakdown.
Sean Grettum
Estimate Costs for Your Team
Every business is unique. Use our Cost of Insurance Calculator to see real-time plan pricing for your employees and build a benefits package that works for everyone.
Are You an Applicable Large Employer (ALE)?
If you have 50 or more full-time equivalent employees (you can calculate that here), you’ll need to create an ACA-compliant ICHRA. Salusion can help. Our ACA Calculator makes it easy to design a low-cost, compliant benefits solution for your team.
We also recommend scheduling a conversation with one of our ICHRA experts to ensure the best fit for your business—book a time to chat today.
