PeopleKeep

NOVEMBER 1, 2021

The individual coverage HRA (ICHRA) is a health benefit for organizations of all sizes to reimburse their employees, tax-free, for individual health insurance premiums and other qualifying out-of-pocket medical expenses. Check out our guide on how to self-administer an ICHRA.

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PeopleKeep

DECEMBER 24, 2020

We’ve had thousands of conversations with organizational leaders interested in adopting the individual coverage HRA (ICHRA) over the last year and a half. Read on to learn what types of ICHRA plan changes can and can’t be made during the plan year and why.

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PeopleKeep

SEPTEMBER 29, 2020

In June of 2019, the federal government released a final ruling regarding the offering of HRAs in 2020. This rule created a new HRA called the Individual Coverage HRA (ICHRA) and clarified proposed rules about calculating the affordability of an ICHRA allowance.

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PeopleKeep

JULY 19, 2022

Thankfully, health reimbursement arrangements (HRAs) allow organizations to reimburse their employees for the qualifying medical expenses of their choosing while offering budget control. A popular type of health reimbursement that works for organizations of all sizes is an individual coverage HRA (ICHRA).

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PeopleKeep

JULY 30, 2020

On June 13, 2019, the federal government released a final ruling that created a new HRA called the individual coverage HRA (ICHRA) and included guidelines for making coverage under the HRA “affordable.”

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PeopleKeep

AUGUST 12, 2022

If you’re new to health insurance policies or shopping for a plan on the individual market for the first time, understanding health insurance terminology is one of the first challenges you may face. For instance, choosing the best health insurance coverage can be tricky if you don’t know the difference between a premium and a deductible.

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PeopleKeep

DECEMBER 31, 2020

If your employer just told you they are offering a new health benefit called an individual coverage HRA (ICHRA) , you probably have a lot of questions. We want to help you understand exactly what an ICHRA is and how it works, and give you the tools you need to decide whether or not you want to participate.

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PeopleKeep

JANUARY 6, 2020

The rising costs of health care aren’t just a problem for individuals—they’ve also impacted businesses that make health benefits a priority for their employees. In this post, we’ll review five of the most popular benefits for small groups in 2020: Individual Coverage HRA ( ICHRA ). Group coverage HRAs.

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PeopleKeep

OCTOBER 17, 2021

The rising costs of healthcare aren’t just a problem for individuals—they’ve also impacted businesses that make health benefits a priority for their employees. Group coverage HRA (GCHRA). Qualified small employer HRA (QSEHRA). Individual Coverage HRA (ICHRA). Self-funded health insurance.

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PeopleKeep

SEPTEMBER 26, 2019

In June of 2019, the federal government released a final ruling regarding the offering of HRAs in 2020. This rule created a new HRA called the Individual Coverage HRA (ICHRA) and clarified proposed rules about calculating the affordability of an ICHRA allowance.

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Genesis HR Solutions

SEPTEMBER 21, 2021

Understanding the different types of health insurance for small business owners doesn’t have to be overwhelming; in this article we’ll examine the following options and share benefits, costs, and use cases for each: Group health benefits for small businesses Self-insured health insurance plans ICHRA plans PEO group insurance plans.

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PeopleKeep

MARCH 8, 2021

With an MERP, organizations typically offer an allowance of tax-free money instead of a traditional benefit like group health insurance; although some MERPS like an individual coverage HRA (ICHRA) or a group coverage HRA (GCHRA) can work alongside existing group plans.

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WEX Inc.

JUNE 5, 2023

Not be subject to Affordable Care Act coverage requirements. QSEHRA eligible expenses are determined by IRS Code Section 213(d) and, in the case of QSEHRAs, includes individual health insurance premiums paid by the employee. Another difference is that a QSEHRA is much more flexible than the other HRA’s.

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PeopleKeep

AUGUST 20, 2020

It’s easy for employers to offer an individual coverage HRA (ICHRAs) to employees located in other states , but is the same true for qualified small employer HRAs (QSEHRAs) ?

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PeopleKeep

APRIL 15, 2020

The long-anticipated individual coverage HRA (ICHRA) finally went into effect on January 1, 2020. Since then, PeopleKeep has worked with hundreds of employers throughout the United States to aid in the administration of the health benefit.

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PeopleKeep

NOVEMBER 19, 2020

In September, PeopleKeep launched a new online tool to help employers easily compare the cost of an individual coverage HRA (ICHRA) to the cost of their current group health insurance plan (or quote).

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PeopleKeep

FEBRUARY 5, 2020

On June 13, 2019, the final rule from the federal government regarding health reimbursement arrangements (HRAs) was released. The ruling helped to clarify existing HRA rules as well as provide confirmation about what to expect in 2020.

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PeopleKeep

SEPTEMBER 12, 2019

As a business owner looking into health reimbursement arrangement (HRA) options, you may have been wondering whether the qualified small employer HRA (QSEHRA) or the i ndividual coverage HRA (ICHRA) is the best choice for your company.

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PeopleKeep

JULY 16, 2020

For this reason, we frequently have customers ask us if an Individual Coverage HRA (ICHRA) might be a way they can offer these employees additional assistance with their medical expenses. Even so, Medicare recipients also tend to have more medical expenses.

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AssuredPartners

JUNE 14, 2019

This ICHRA rule goes even further and doesn’t cap employer contributions. Employees who want to take advantage of an ICHRA in the new year must enroll in an individual health plan during the open enrollment period (unless they have Medicare) that runs between November 1 and December 15, 2019.n"},{"attributes":{"bold":true},"insert":"Extended

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PeopleKeep

SEPTEMBER 19, 2019

Are you a business owner or manager considering offering the individual coverage HRA (ICHRA) to your employees? With the regulations and compliance standards required for offering an HRA, it can feel like a daunting task.

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Benefit Resource Inc.

JULY 16, 2019

SO, clearly HRAs are the Griffin of account-based plans. Let’s dig into the new HRA mutations (AKA new HRA rules). What are HRAs under current rules? HRAs are employer-funded. Beyond that, HRAs have and continue to be largely a mystery. What do the new HRA rules allow? Individual Coverage HRA.

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PeopleKeep

AUGUST 22, 2019

The final ruling made this year regarding health reimbursement arrangements (HRAs) in 2020 has made a special enrollment period (SEP) available to individuals and their dependents who become newly eligible for HRA coverage. In this post, we’ll go over six of the most common questions asked about SEPs for ICHRA and QSEHRA.

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PeopleKeep

SEPTEMBER 3, 2019

The Departments of the Treasury, Labor, and Health and Human Services (the Departments) released information regarding the individual coverage HRA (ICHRA) notice requirements earlier this year. This information will help employees make an informed decision on whether to participate in the ICHRA or opt out.

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PeopleKeep

AUGUST 20, 2019

As more businesses consider offering an individual coverage HRA (ICHRA) in 2020, new questions are being asked about the benefit’s compliance requirements. One of the most frequently asked questions is whether businesses offering the ICHRA will be subject to COBRA. Let’s get started.

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Patriot Software

NOVEMBER 18, 2019

You may be familiar with health reimbursement arrangements (HRAs), but how much do you know about the ICHRA coming in January 2020? For many small business employers, this new Individual Coverage HRA is a game-changer. So, what is the ICHRA and why should you keep it on your radar? Read on to find out.

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AssuredPartners

MAY 28, 2021

Under ARPA, COBRA administrators and Plan Sponsors are required to provide notices to Assistance Eligible Individuals (AEIs) so this fresh guidance arrives in the midst of those deadlines. An individual must have been covered under the applicable group health plan on the day before the reduction in hours or involuntary termination occurred.

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PeopleKeep

SEPTEMBER 3, 2021

One of the most exciting things that sets the individual coverage health reimbursement arrangement (ICHRA) apart from other HRAs is the flexibility to designate different employee classes. Classes had been tightly regulated in HRAs ever since the stand-alone HRA was eliminated in 2013.

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PeopleKeep

APRIL 27, 2022

Health reimbursement arrangements (HRA) have gained traction with employers across the country because they’re flexible, easy to implement, and customizable. But the key to any successful HRA lies in its administration, including compliance, management, and privacy rules. New to HRAs?

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PeopleKeep

AUGUST 10, 2021

Since the individual coverage health reimbursement arrangement (ICHRA) was first available in 2020, employers both big and small have adopted the unique health benefit as a highly-anticipated alternative to traditional group health insurance. Download the visual report here.

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PeopleKeep

MARCH 10, 2021

One of the biggest differences between the individual coverage health reimbursement arrangement (ICHRA) and other HRAs is that employees and their dependents are required to have their own individual health insurance policy in place in order to participate.

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PeopleKeep

SEPTEMBER 17, 2020

A key feature of individual coverage HRAs is that all reimbursements are free of payroll taxes (for employers and employees) and income tax (for employees with minimum essential coverage). Here’s what you need to know.

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HR Digest

AUGUST 19, 2023

Equal Employment Opportunity (EEO) laws protect individuals from discrimination based on factors such as age, disability, genetic information, national origin, race/color, sex, pregnancy, or religion. Equal Employment Opportunity Laws Equal Employment Opportunity laws ensure fair treatment of individuals in the workplace.

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Joe Markland

AUGUST 11, 2023

In 2016 I predicted that an individual health policy would be an eligible pre-tax expense by 2020. On January 2020, the Individual Coverage Health Reimbursement Account (ICHRA) was enacted, and employees for the first time in 75+ years could buy an individual policy with pre-tax dollars if their employer adopted an ICHRA.

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Joe Markland

OCTOBER 11, 2020

Over the past 6 years I have published several articles on the need to personalize health insurance (and get the employer out of the way) by making an individual insurance policy tax deductible. In Massachusetts, the average individual insurance buyer is choosing a plan that is 14.4% – 33.7% That really is not true.

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