An Individual Coverage Health Reimbursement Arrangement (ICHRA) is an employer-funded health benefit used to reimburse employees for individual health insurance premiums and other medical expenses tax-free. Unlike traditional group health insurance plans, ICHRAs allow employees to choose their own individual health insurance plans, and employers reimburse them for part or…
ICHRA
Can small groups offer one plan to managers and another to hourly employees?
Related question: Can the employer contribute different amounts for different classes of employees? No. In fully-insured small group plans, you can’t class out employees. You have to offer the same plans to everyone and use the same contribution methodology. If the company pays 50% of the premium for hourly employees,…